BNZ gets $1.8m out of Bobux receivership - so far

Chris Bennett from Bobux in his factory, which produced shoes for babies and children. (Image: NZME)

Tue, 19 Dec 2023

Bank of New Zealand (BNZ) has so far managed to get $1.8 million back out of the receivership of Bobux.The bank appointed McGrathNicol’s Andrew Grenfell and Conor McElhinney as receivers of the kids' footwear brand, which owed it $4.1 million, back in April.Founded more than 30 years ago by Colleen and Chris Bennett, the company sold children's footwear in more than 40 countries. It had total annual sales of more than $20m with 25 staff. It operated as a wholesaler, having also established a direct-to-consumer website six yea...

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