Colin Neal's Polar Capital forces discount retailer into receivership

Tue, 25 Aug 2020

Discount health and beauty retailer Price Wise has been forced into receivership. It has stores in the North and South Islands including outlets in Auckland, Hamilton, Tauranga, Wellington and Christchurch and Dunedin. The retailer, which is still trading, sells mid-range makeup, fragrances, skincare and home cleaning products with brands including L’oreal and Revlon. Receivers from Khov Jones were appointed to the take control of the business on Aug. 21 under a general security agreement held by shareholder Polar Capital. Polar Capita...

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