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Eric Watson’s problematic loan to cash-strapped Bendon parent
Creditors circling Eric Watson may pose problems for the cash-strapped parent of lingerie maker Bendon, which owes the high-profile ex-pat businessman $2.7 million. The debt arose in 2018 in a complex arrangement involving Watson’s Cullen Group when Na...
Retail
Commodities, PGF drive resurgent Gisborne economy
A strong primary sector and central government stimulus from the $3 billion Provincial Growth Fund saw Gisborne consumers open their wallets at the end of 2019.“The general economy in Gisborne is in a very good paddock at the moment,” Paul Naske, president of the Gisborne Chamber...
Retail
Bendon parent Naked needs another US$15m to keep BNZ onside
Bendon’s Nasdaq-listed owner Naked Brand Group needs to raise another US$15 million to keep Bank of New Zealand onside.Naked has raised US$32.4 million by issuing new capital and selling convertible notes since the end of January and said it will need more funds to bridge another...
Retail
New car registrations shrink for first year in ten
New car registrations in 2019 posted their first calendar-year decline in a decade as tailwinds supporting earlier record sales subsided, Motor Industry Association figures show. Some 154,479 new passenger and commercial vehicles were registered last year, down from a record 161...
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