Not such an Ezibuy

(Image: NZME)

Mon, 18 Mar 2024

Ezibuy’s liquidators managed to squeeze an extra $600,000 out of Mosaic Brands after it threw in a lowball offer to buy back the group.After putting it into administration nearly 12 months ago, owing more than $100 million, the Australian securities exchange-listed (ASX) retail group originally lobbed in a $6.4m offer in August last year to purchase the Palmerston North-headquartered retailer’s inventory and business back.When the liquidators – Olvera Advisors’ Damien Hodgkinson and Kate Barnet – recommended puttin...

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