BNZ wasn't 'willing' to continue supporting Wishbone's funding

BNZ wasn't 'willing' to continue supporting Wishbone's funding
Wishbone closed in the Christchurch airport this week. (Image: BusinessDesk)
Riley Kennedy
The Bank of New Zealand wasn’t “willing” to continue to support Wishbone’s funding last year, and it was forced to refinance, the now-collapsed hospitality chain’s first liquidator’s report says.Last week, Liquidation Management’s Mohammed Jan was appointed to The Woodward Group – the entity behind Wishbone. Founded more than 20 years ago by William and Andrea Scarlett, the business grew to have 17 stores across the country, employing 110 people with a manufacturing plant in We...

More Finance

JPMorgan is revamping Its bank for the superrich
Finance

JPMorgan is revamping Its bank for the superrich

There is a minimum required balance of US$10 million. 

Port of Auckland to pay $45m special dividend to council
Finance

Port of Auckland to pay $45m special dividend to council

The divestment proceeds will be used to top up the Auckland Future Fund.

Oliver Lewis 27 Jun 2025
$600m in tourist spend at risk from regulation: Mastercard
Finance

$600m in tourist spend at risk from regulation: Mastercard

When Europe cut interchange fees, foreign card decline rates soared.

Pattrick Smellie 27 Jun 2025