NZ arm of Jenny Craig enters administration

NZ arm of Jenny Craig enters administration
Rebel Wilson was one of the brand ambassadors for Jenny Craig. (Image: Getty)
Riley Kennedy
The New Zealand arm of well-known weight-loss company Jenny Craig has joined its Australian counterpart in voluntary administration. Creditors will meet later this week to discuss a way forward.On May 9, FTI Consulting’s Joseph Hansell and Vaughan Strawbridge were appointed to Jenny Craig Weight Loss Centres (NZ) as well as the Australian arm.Their appointment came just five days after the fitness brand said its Australian and NZ branches would continue to operate after confirmation it was closing its corporate offices in the United State...

More Finance

Wisdom from Milford’s ‘oldest’ fund manager
Finance

Wisdom from Milford’s ‘oldest’ fund manager

Stephen Johnston has been watching markets since 1997.

Gregor Thompson 09 Jan 2025
RBNZ issues first non-bank deposit-taker licence in nearly a decade
Finance

RBNZ issues first non-bank deposit-taker licence in nearly a decade

The Reserve Bank of New Zealand has issued a non-bank deposit taker licence to newly formed finance company Welcome.The last time the central bank issued a license was in 2017 to Christian Savings, which was previously licensed as Christian Savings Incorporated, according to the...

Staff reporters 08 Jan 2025
How tax rules discourage wealthy investor migrants
Finance

How tax rules discourage wealthy investor migrants

Covid refugees facing a four-year time limit on tax status are forcing the issue.

Pattrick Smellie 06 Jan 2025
M&A outlook: get set for big ticket IPOs
Finance

M&A outlook: get set for big ticket IPOs

Experts are picking a surge in mergers and acquisitions activity for 2025.