Colin Neal's Polar Capital forces discount retailer into receivership

Colin Neal's Polar Capital forces discount retailer into receivership
Rebecca Stevenson
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...

More Retail

Foodstuffs South Island ‘merger costs’ bill rises
Retail

Foodstuffs South Island ‘merger costs’ bill rises

More than $11 million has been spent so far on ‘merger-related costs’.

Gregor Thompson 03 Jul 2025
Foodstuffs NI warned by ComCom over supplier treatment
Retail

Foodstuffs NI warned by ComCom over supplier treatment

It obstructed a supplier request, says Grocery Commissioner.

Staff reporters 02 Jul 2025
Retailers say unseasonable weather compounded woes
Retail

Retailers say unseasonable weather compounded woes

The Warehouse Group and KMD Brands have both downgraded guidance in recent weeks.

Gregor Thompson 02 Jul 2025
Warehouse drops guidance, loss now in scope
Retail

Warehouse drops guidance, loss now in scope

The retailer has raised the possibility of a full-year earnings loss.

Gregor Thompson 01 Jul 2025