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

Thu, 29 Feb 2024

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...

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