Smiths City placed in voluntary administration – BusinessDesk
Smiths City placed in voluntary administration BusinessDesk Read the original article here
Smiths City goes into voluntary administration
Home appliance and furniture retailer Smiths City has gone into voluntary administration. Administrators are calling for “urgent” expressions of interest for potential buyers of the business. The company was founded in Christchurch in 1918, and currently operates nine physical stores across New Zealand, along with an online store. In a statement, a spokesperson for administrators…
Smiths City staff called into meeting about voluntary administration, store closures
Retail chain Smiths City has announced it has been placed into voluntary administration and will close all of its stores. Staff were called into a meeting at 9am on Tuesday, where they were informed of the decision, chrislynchmedia.com reported. All nine Smiths City stores across New Zealand, along with its online shop, have been temporarily…
Retail icon Smiths City in voluntary administration
“The voluntary administration process aims to achieve the best outcome for all stakeholders. This may include selling the business and assets to interested parties.” The administrators said they were calling for urgent expressions of interest. Administrators said they met with staff at 8:30am this morning to explain the process going forward. “The aim is to…
BREAKING: Smiths City placed in voluntary administration, all stores temporarily closed
All Smiths City stores across New Zealand have been placed into voluntary administration, with doors shut this morning while administrators urgently assess the company’s financial position. Staff were called into a meeting at 9am where they were informed of the decision. At 8.30am all nine Smiths City stores, along with its online shop, were temporarily…
Gaza postwar plan envisions ‘voluntary’ relocation of entire population – The Washington Post
Gaza postwar plan envisions ‘voluntary’ relocation of entire population The Washington Post Read the original article here
Trump administration weighs post-war redevelopment plan
This picture taken from Israel’s border with the Gaza Strip shows smoke billowing over destroyed buildings during an Israeli strike on the besieged Palestinian territory on July 17, 2025. Jack Guez | AFP | Getty Images A document detailing plans for post-war Gaza aims to make President Donald Trump’s “Gaza Riviera” vision a reality —…
Supertech Ltd’s Path to Recovery: Delivery Amidst Insolvency
Despite facing insolvency proceedings, embattled real estate firm Supertech Ltd has managed to hand over possession of 6,121 apartments to its customers over the last three years. The delivery spans across various housing projects and is executed under the supervision of a resolution professional assigned by the National Company Law Tribunal (NCLT). The NCLT…
Timaru plumbing firm Nexus Services owes more than $550k – The Press
Timaru plumbing firm Nexus Services owes more than $550k The Press Read the original article here
More companies going into liquidation after increased enforcement by IRD
Company liquidations are up 26 percent year-on-year. Photo: MARIKA KHABAZI / RNZ Company liquidations have increased significantly, despite positive lending trends and eased interest rates. The latest Centrix Credit Indicator for August shows company liquidations are up 26 percent year-on-year, partly due to increased enforcement activity by Inland Revenue. But chief operating officer Monika Lacey…