Why Supie's directors quit on Friday

Why Supie's directors quit on Friday
Tech investor Ben Kepes. (Image: Supplied)
Riley Kennedy
One of the now-former directors of Supie says they left the company's board as it collapsed to give founder Sarah Balle space to make decisions quickly.The downfall of the online supermarket appears to have happened reasonably quickly, with a key investor pulling its support late last week and administrators called in on Friday night. They were appointed officially on Monday.Founded by Balle two years ago, Supie intended to introduce competition to the supermarket industry. It grew, according to Balle, to have 23,000 members by Ju...

More Finance

NZX edges lower as Infratil, profit-taking weigh
Finance Market close

NZX edges lower as Infratil, profit-taking weigh

S&P/NZX 50 Index slips with Infratil, Blackpearl and Heartland in focus.

Andy Macdonald 13 Nov 2025
Heartland reaps benefit of change, reiterates guidance
Finance

Heartland reaps benefit of change, reiterates guidance

Bank looks to sustainable, profitable growth.

Andy Macdonald 13 Nov 2025
Kids KiwiSaver mooted to invest in children's future
Finance

Kids KiwiSaver mooted to invest in children's future

Proposed savings programme could accumulate up to $18 billion in 18 years.

Andy Macdonald 13 Nov 2025
Asbestos scare sees RBNZ's Wellington staff home-bound
Finance

Asbestos scare sees RBNZ's Wellington staff home-bound

Earthquake exacerbates existing asbestos concerns at Reserve Bank office. 

Andy Macdonald 12 Nov 2025