Supie first sought help from PwC in April

Supie first sought help from PwC in April
Supie founder Sarah Balle. (Image: Supplied)
Riley Kennedy
Supie founder Sarah Balle first approached PwC for help more than six months before her online grocer startup went under this week.That was because the company had “exhausted” all funding options and was looking to start an insolvency process, according to the administrator’s report, which reveals less than 5% of its members were “active subscribers”.Creditors of Supie – which are owed roughly $3 million – are being called together next Thursday to decide on the business’s future.Founded by Balle...

More Finance

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
Michael Lorimer exits Grant Samuel amid more sector change
Finance

Michael Lorimer exits Grant Samuel amid more sector change

Lorimer has sold his 80% stake in the corporate advisory firm.

Duncan Bridgeman 26 Jun 2025