According to the liquidators’ first report, Cafe Cuba owes creditors more than $1.6m. The majority is owed to Inland Revenue, including $512,202 in GST and $992,367 in employee deductions. Staff are allegedly owed $24,500 in holiday pay, while $13,612 is owing to unsecured trade creditors. Creditors include BNZ, ACC, Genesis Energy, Havana Coffee Works and…
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In the summer of 2025, when the bankruptcy court in Delaware, USA, finally approved Fisker’s liquidation plan, this once-promising new energy vehicle company officially put an end to its short lifecycle. From the high-profile launch of the Ocean SUV in 2023, to the application for bankruptcy protection in 2024, and then to the abandonment of…
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Smiths City placed into administration The Press Read the original article here
Smiths City goes into voluntary administration Stuff Read the original article here
A closed Smiths City store. Photo: RNZ / Nate McKinnon Well-known retailer Smiths City has been placed in voluntary administration. The chain is a popular furniture and electronics retailer, with a large presence in the South Island. The company, which was founded in 1918, has nine stores across the country and an online store. Administrators…