Liquidators investigate Malotia sale of three Pizza Hut stores

Liquidators investigate Malotia sale of three Pizza Hut stores
Malotia owed creditors nearly $1.5m as at March 2022, according to a report by liquidators investigating the sale of three Pizza Hut stores. (Image: John Anthony)
John Anthony
Liquidators of a company that operated three Pizza Hut stores in Wellington are investigating for any potential voidable claims to parties who received funds after the stores were sold before liquidators were appointed. Malotia, owned by Sandeep Singh and directed by Mandeep Singh, was incorporated in February 2013 and owned and operated three Pizza Hut franchise stores in the Wellington region.The company was placed into liquidation by the High Court upon the application of the Commissioner of Inland Revenue on May 28 for failing to meet...

More Retail

Listed retailers stand to gain from Trump tariffs:  Forsyth Barr
Retail

Listed retailers stand to gain from Trump tariffs: Forsyth Barr

Forsyth Barr lifted its KMD Brands target price by 10.4% after Trump tariff walkbacks.

Fast-food sector in 'consolidation' stage: IbisWorld
Retail

Fast-food sector in 'consolidation' stage: IbisWorld

Higher costs are helping McDonald’s and KFC grab market share.

Gregor Thompson 23 Apr 2025
ComCom clears Woolworths ready-meal deal
Retail

ComCom clears Woolworths ready-meal deal

The Commerce Commission granted clearance for Woolworths Group to acquire ready-meal manufacturer Beak & Johnston.Through facilities in New Zealand and Australia, Beak & Johnston (B&J) makes and supplies ready-to-eat meals under its brands to grocery retailers, wholesalers, and f...

Gregor Thompson 17 Apr 2025
Accent Group plans Sports Direct roll-out in NZ
Retail

Accent Group plans Sports Direct roll-out in NZ

With the help of London-listed Frasers Group, Accent Group will take on Rebel Sport.

Gregor Thompson 16 Apr 2025