Covid cited as discount retailer Pricewise collapses

There is just one Pricewise outlet open – in Nelson. (Source: Facebook)

Thu, 17 Feb 2022

Discount retailer Pricewise has been moved into liquidation, almost 18 months after Colin Neal’s Polar Capital tried to save it. Companies Office records show a special resolution of shareholders moved Pricewise (2020) into liquidation this morning (Thursday), with BDO Tauranga’s Ken Brown and Paul Manning appointed liquidators.Manning cited covid-19, a lack of profitability and cashflow issues as reasons the company folded.Former Big Chill founder Neal’s Polar Capital LP is the 100% shareholder of the company. Neal...

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