Jenny Craig sale 'well progressed', administrators says

Jenny Craig sale 'well progressed', administrators says
Magda Szubanski was one of the brand ambassadors for Jenny Craig. (Image: Getty)
Riley Kennedy
The Australian-based administrators of Jenny Craig say the sale process of the business is “well progressed”.While some Australian meal-solution suppliers have been thrown around as possible bidders, a New Zealand meal-kit company won’t confirm nor deny if they want the business.Earlier this month, FTI Consulting’s Joseph Hansell, Vaughan Strawbridge and Kate Warwick were appointed to Jenny Craig Weight Loss Centres (NZ) as well as its Australian arm.Their appointment came just five days after the fitness brand said its...

More Finance

Cautious lending keeps lid on default rates – Reserve Bank
Finance

Cautious lending keeps lid on default rates – Reserve Bank

Non-performing mortgages have overtaken Covid levels.

Jem Traylen 01 May 2024
'Confirmation of payee' anti-scam measure inches closer
Finance

'Confirmation of payee' anti-scam measure inches closer

Banks are getting closer to implementing anti-scam “confirmation of payee” measures.

Dileepa Fonseka 30 Apr 2024
UBS NZ returns to profit
Finance

UBS NZ returns to profit

Operating income was up 51.8%, rising from $31.9m in 2022 to $48.5m in 2023.

Murray Jones 30 Apr 2024
Matt Whineray to chair new FirstCape Group fund manager and adviser
Finance

Matt Whineray to chair new FirstCape Group fund manager and adviser

The new entity aims to scale up advice and fund management services in NZ.

Staff reporters 23 Apr 2024