Redcurrent founder Rebecca Kain bankrupted

Redcurrent founder Rebecca Kain bankrupted
Rebecca Kain. (Image: Supplied)
Riley Kennedy
The founder of collapsed retailer Redcurrent, Rebecca Kain, who went on a rent strike during the first nationwide covid lockdown, has been bankrupted by a mall owner.The six-month liquidation of the homeware and lifestyle retailer finished up early last month after EY’s Larissa Logan and Rhys Cain couldn’t find a buyer for the business.The pair were appointed back in February, with Kain attributing its collapse “to the many challenges in retail in recent years, not least of all the effects of covid”.The retailer had...

More Finance

Banking on the price of stability
Finance

Paul McBeth: Banking on the price of stability

Competition has a cost that some might not be willing to pay.

Paul McBeth 07 May 2024
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