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NZ Rugby faces 70% revenue loss
Disruption caused by the covid-19 pandemic means NZ Rugby’s revenue for the 2020 calendar year may decline by up to 70 percent, stakeholders were told at the organisation’s annual meeting today. Chief operating officer Nicki Nicol said the previous year’s positive result – a l...
Receivers progress deal to keep Burger King afloat
Suppliers and landlords of Burger King are to forgo millions of dollars in payments from the chain’s private equity owners as progress is made on a deal for its survival. The owner of its outlets in New Zealand, Tango Holdings New Zealand, has been in receivership since April...
StretchSense re-enters US through acquisition
Futuristic textile company StretchSense is back in the US market after buying animation studio MoCapNow. Last September, the Kiwi company was purchased out of administration by the newly-formed Sensor Holdings, which is majority-owned by venture capital fund Global from Day One (...
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How commercial courts are coping with covid-19
The commercial courts are back in action this week, following the five-week lockdown, and attention is now turning to the backlog created by the necessary closures. More than 20 High Court civil hearings are listed for today, compared with just handfuls each day under alert level...
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