PwC appointed administrators of Godfreys Group, restructure and sale under way

PwC appointed administrators of Godfreys Group, restructure and sale under way
Godfreys has 16 company-operated stores in NZ and nine franchise stores. (Image: Google)
Riley Kennedy
The New Zealand arm of commercial floorcare retailer Godfreys Group has gone into voluntary administration with its Australian parent.PwC's Stephen White and John Fisk were appointed NZ Vacuum Cleaner Company's administrators on Tuesday.Established in 1931, Godfreys, previously listed on the Australian securities exchange (ASX), is one of the world’s largest vacuum retailers, supplying specialty commercial floor care and cleaning products.Across NZ and Australia, it operates 141 stores employing 600 staff, with 28 stores run by fr...

More Law & Regulation

Major NZ firms call for workplace safety shake-up
Law & Regulation

Major NZ firms call for workplace safety shake-up

Some of NZ's largest employers have made recommendations to the Government.

John Anthony 31 Oct 2024
Former IT contractor pleads guilty days before trial due to start
Law & Regulation

Former IT contractor pleads guilty days before trial due to start

A former IT contractor has admitted getting more than $4 million in kickbacks shortly before he was due to go on trial for corruption charges.The Serious Fraud Office (SFO) said the man pleaded guilty to receiving over $4m in kickbacks in the bribery and corruption case.A trial w...

Staff reporters 31 Oct 2024
AG1 founder Chris Ashenden resigns amid scrutiny of NZ criminal history
Law & Regulation

AG1 founder Chris Ashenden resigns amid scrutiny of NZ criminal history

Investigation reveals victims of Chris Ashenden’s property deals never received full court-ordered reparations.The New Zealand founder of a world-leading supplement company has resigned amid a podcast investigation that raised questions over his criminal history and unpaid fines...

Staff reporters 31 Oct 2024
Cuncannon: building a plaintiff side law firm
Markets

Cuncannon: building a plaintiff side law firm

The class action industry in New Zealand is somewhat underdeveloped.

Victoria Young 31 Oct 2024