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![Country Road loses court battle over duties](https://media.businessdesk.co.nz/file/c_fill,h_400,w_600,q_100/A-200524NZHJOHIGH04-1.webp)
Retail
Country Road loses court battle over duties
Country Road has been ordered to retroactively pay $2.5 million in duties and GST.
![Foodstuffs alleges defamation over merger opinion piece](https://media.businessdesk.co.nz/file/c_fill,h_400,w_600,q_100/A-HBT15010223PTlines.webp)
Retail
Foodstuffs alleges defamation over merger opinion piece
Chapman Tripp lawyers sent letters to the University of Auckland and Stuff.
![NZ sharemarket drifts lower](https://media.businessdesk.co.nz/file/c_fill,h_400,w_600,q_100/index-nzx-getty-ab.webp)
Markets
Market close
NZ sharemarket drifts lower
The S&P/NZX 50 Index closed at 11,776.73, easing 12.65 points or 0.11%.