Two Night 'n Day franchises in liquidation, profitability blamed

Two Night 'n Day franchises in liquidation, profitability blamed
The Night 'n Day store in Grey Lynn was not trading profitably. (Image: Google)
Riley Kennedy
Two Night 'n Day franchises have been tipped into liquidation by creditors owed about $2.1 million across the two businesses. However, most of the outstanding money is owed to a related party.Late last month, DJF Foodstore and DJF Foodstore 2 – which operated as the Night n’ Day stores in the Auckland suburbs of Grey Lynn and Onehunga – were put into administration. Steven Khov and Kieran Jones, of Khov Jones, were appointed administrators.At a watershed meeting this month, creditors voted to put the companies into li...

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.

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