The New Zealand and Australia arm of the international yoga festival Wanderlust has gone into liquidation owing an estimated $1.6 million.
Wanderlust’s chief executive said they were working to ensure the Taup event went ahead, but if it did not ticket holders would receive a full refund (file photo).
Photo: 123RF
The annual festival attracts thousands of yogis and is due to go ahead in Taup in March.
In the liquidators first report released yesterday, it said the shareholders chose to liquidate after being unable to recover from debts they incurred in 2016.
It said the company, Yoga Events Australia New Zealand Limited (YEANZ), could not secure enough sponsorship deals, and had too many paid staff on the books.
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Read the full article at: https://www.radionz.co.nz/news/national/348519/company-liquidation-sheds-doubt-on-taupo-yoga-festival
