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Fletcher Building apologises for estimated $160m loss this year - 25th Oct 2017

Fletcher Building apologises for estimated $160m loss this year

Stuff.co.nz
Last updated 10:53, October 25 2017 

Fletcher Building's chairman has apologised to shareholders as he warned of another big hit for the troubled building company.

Its buildings and interiors business unit is now forecast to make additional losses of $160m in the year to the end of June after a review by KPMG.

Read the article here

Year-old Challenge Steel liquidated, directors abandon ship - 5th Oct 2017

Year-old Challenge Steel liquidated, directors abandon ship Stuff.co.nz
CHRIS HUTCHING
Last updated 10:20, October 5 2017

Christchurch-based Challenge Steel has been placed into voluntary liquidation one year after it was launched by businessman Bert Govan. Read the article here.

Analyst comments on Topshop - 8th Sep 2017

Analyst comments on Topshop

CATHERINE HARRIS
Last updated 12:09, September 8 2017

The collapse of global fashion brand Topshop in New Zealand is unlikely to slow the ongoing invasion of international retailers to New Zealand, an industry commentator says. Read the article here.

Topshop in Liquidation - troubled times for clothing retailers - 7th Sep 2017

Topshop in Liquidation - troubled times for clothing retailers Topshop, Topman the latest in retail clothing struggles.
By: Francis Cook
Business writer, NZ Herald

Topshop and Topman join a long list of clothing retailers to hit troubled times in New Zealand in the last couple of years. Read the article here.

Incorrect steel delays Christchurch airport hotel opening - 4th Aug 2017

Incorrect steel delays Christchurch airport hotel opening

Stuff.co.nz
AMANDA CROPP

Last updated 16:41, August 4 2017

A mistake with steel for Christchurch airport's new 200-room hotel has delayed its opening by several months.

The $80m Novotel Christchurch Airport due to for completion in December will now open in late January or early February..read more here.

A hundred jobs lost as Thames A&G Price goes into liquidation - 26th Jul 2017

A hundred jobs lost as Thames A&G Price goes into liquidation Stuff.co.nz
Last updated 19:29, July 26 2017

Around 100 people have lost their jobs with A & G Price Limited in Thames announcing that the engineering company has gone into liquidation. Read the article here.

Hardy's health shops placed in receivership - 10th Jul 2017

Hardy's health shops placed in receivership

Stuff Article by ANUJA NADKARNI  Last updated 12:38, July 10 2017

Hardy's health shops placed in receivership
 

Five Hardy's health stores and the head franchisor have been put in receivership.

@Hardy's trades the company-owned Hardy's shops Hardy's, while Healthy Living Trading Company is the head franchisor.

A shop in Taupo, Tauranga and three shops in Auckland, St Lukes, Sylvia Park, Northwest are in receivership but continue to trade.

Hardy's and Health Living employed 20 staff across the five shops.

Read the article here.

Developer's $160 million Spencerville dream evaporates - 30th May 2017

Developer's $160 million Spencerville dream evaporates

CHRIS HUTCHING

Last updated 17:23, May 30 2017
 

Two large blocks of rural land north of Christchurch at Spencerville formerly intended to be a luxury golf course are being sold in two mortgagee tenders.

Real estate agencies JLL and Colliers International are acting on instructions from First Mortgage Trust and the original property owners to sell the 64 hectares and 92ha respectively.

The blocks – bounded on one side by the Styx River – had been earmarked by Young Hwan (Thomas) Na, who told the Overseas Investment Office in 2009 he was spending $16.8 million buying the properties to develop Whisper Creek Golf Resort.

Read the article here.

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