Carpet numbering at centre of new Feltex fraud claim

Carpet numbering at centre of new Feltex fraud claim
Former directors of Feltex are rejecting the latest attempt to revive fraud claims. (Image: Deposit Photos)
Denise McNabb
Information uncovered through forensic data-matching of carpet roll numbers, picking slips and invoices has given Feltex litigation funder Tony Gavigan fresh impetus to pursue the carpet maker’s former company directors and Credit Suisse, alleging fraud.The Serious Fraud Office has yet to decide whether to pursue the claims and Gavigan is waiting on the results of an independent assessment of key materials he unearthed on a recent trip to Melbourne.In a letter to BusinessDesk on July 23, lawyers acting for several of the former Feltex dir...

More Retail

You can make ChatGPT your personal shopper
Retail

You can make ChatGPT your personal shopper

While you’ll need to fact-check the chatbot, it’s useful for comparing prices.

Macpac NZ profits drop 71% as softer sales hit margins
Retail

Macpac NZ profits drop 71% as softer sales hit margins

The sales drop in New Zealand was larger than Kathmandu's.

Gregor Thompson 17 Oct 2025
E-commerce deal website GrabOne ceases trading
Retail

E-commerce deal website GrabOne ceases trading

E-commerce deal website GrabOne has ceased trading after its owner went into liquidation on Thursday.Daniel Stoneman and Neale Jackson of Calibre Partners were appointed liquidators of Global Marketplace New Zealand Limited, which operates the GrabOne business in NZ.GrabOne’s web...

Staff reporters 16 Oct 2025
Trade Me payment changes anger professional sellers
Retail

Trade Me payment changes anger professional sellers

The move has sparked anger and complaints.

Andy Macdonald 15 Oct 2025