Failed mānuka honey business owes $3.25m

Failed mānuka honey business owes $3.25m
Liquid gold not so profitable.
BusinessDesk staff
Mānuka Te Miere has been placed into liquidation with $3.25 million owing to the Inland Revenue Department.This business is the second honey company associated with Denis Watson to be liquidated with owing money to the IRD in the last 24 months.Watson also sold half of one other mānuka honey business – Watson & Son – to Ngāi Tahu in 2016.Watson then pulled out of the business the following year and the iwi is trying to turn the company around after losses.Incorporated in 2013, Mānuka Te Miere failed to recognise tax obligations...

More Retail

Foodstuffs weighing appeal after ComCom full decision
Retail

Foodstuffs weighing appeal after ComCom full decision

The Commission released its determination to decline the merger.

Gregor Thompson 23 Oct 2024
Toyworld co-ops sales down 13%
Retail

Toyworld co-ops sales down 13%

Directors of the co-operative that oversees New Zealand’s Toyworld store network say their business has been impacted by “unfavourable macroeconomic factors”.Associated Retailers NZ is a subsidiary of Associated Retailers, a company registered in Australia. The company is princip...

Gregor Thompson 23 Oct 2024
Uber Eats expands to regions
Retail

Uber Eats expands to regions

Move will take number of NZ cities and towns serviced by Uber Eats to 29.

Gregor Thompson 23 Oct 2024