Retail
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Coronavirus
Briscoe says prudent not to participate in Kathmandu equity raising
Briscoe Group managing director Rod Duke said his decision not to participate in a $207 million equity raising by associate Kathmandu Holdings is prudent.The homeware and sports goods retailer owns about 14.5 percent of Kathmandu, an outdoor goods and apparel retailer with almost...
Law & Regulation
Supermarkets may face unfair scrutiny - Foodstuffs exec
Foodstuffs North Island chief executive Chris Quin is concerned supermarkets will catch undeserved scrutiny as the government places a close eye on food pricing while the four-week lockdown is in place.In an online seminar hosted by the Trans-Tasman Business Circle, Quin said the...
Finance
ASB gives Smiths City space to fix capital structure
Smiths City has another four weeks to make its next payment to lender ASB Bank as it tries to find a new capital structure that works for the retail chain and financier.The shares sank 13.8 percent, or 2.4 cents, to an all-time low 15 cents when they resumed trading today, albeit...
Trade Me open for 200 essentials; everyone else can window-shop
Trade Me is working to identify essential services operating through its platform, while putting all other purchases on hold during the national lockdown. Approximately 200 sellers have been approved and will be allowed to keep selling and distributing products through the platf...
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