Ezibuy 'likely' breached Fair Trading Act, Commerce Commission tells liquidator

Ezibuy 'likely' breached Fair Trading Act,  Commerce Commission tells liquidator
EziBuy and its Australian-listed parent likely breached the Fair Trading Act over misleading promotions, according to the Commerce Commission. (Image: NZME)
Riley Kennedy
The Commerce Commission has told the liquidators of EziBuy that the collapsed retailer and its Australian-listed parent likely breached the Fair Trading Act over misleading promotions.Mosaic Brands put the Palmerston North-headquartered retailer into voluntary administration, owing creditors roughly $117 million, intending to propose a restructure that would have spat it back out as a “simplified, profitable, generative online-only” operation.But after two months, administrators Damien Hodgkinson and Kate Barnet recommended tip...

More Retail

Morrison family trust ups stake in Yu Mei handbags
Retail

Morrison family trust ups stake in Yu Mei handbags

A Morrison family trust now owns over 15% of the luxury bag maker.

Will Sharesies investors still support Me Today?
Retail

Stock & Trade: Will Sharesies investors still support Me Today?

Me Today is launching its fifth capital raise since March 2020.

Stock & Trade 05 Sep 2025
KMD Brands announces $25m ‘cost reset’
Retail

KMD Brands announces $25m ‘cost reset’

KMD Brands said it will take out $25 million in costs as part of a “Next Level” transformation plan aimed at restoring profitability.     In materials released alongside its 2025 Investor Day on Thursday, the outdoor retail group said the strategy is designed to "unlock the full...

Staff reporters 04 Sep 2025