Maketū Pies has been saved again — two weeks into its liquidation process.

Privately-owned catering business Montana Group took over the 42-year-old brand and its about 20 employees today.

Maketū Foods Ltd was placed into voluntary solvent liquidation by its previous owner, Te Arawa Management Ltd, at the end of November, and liquidators had been seeking a buyer for the business.

Te Arawa bought the company in a receivership process five years ago.

Montana Group employed about 1000 people and had 30 kitchens across Tāmaki Makaurau and the Waikato.

Representatives from Montana Group met with the Maketū Pies team this week to make introductions and start the transition process.

Maketū Pies was placed into solvent liquidation in November.
Photo: Laura Smith

Maketū Pies has been saved again, two weeks into its liquidation process.

Privately-owned catering business Montana Group took over the 42-year-old brand and its about 20 employees today.

Maketū Foods Ltd was placed into voluntary solvent liquidation by its previous owner, Te Arawa Management Ltd, at the end of November, and liquidators had been seeking a buyer for the business.

Te Arawa bought the company in a receivership process five years ago.

Montana Group employs about 1000 people and has 30 kitchens across Tāmaki Makaurau and the Waikato.

Representatives from Montana Group met with the Maketū Pies team this week to make…

As Netflix releases a new documentary, Return of the King: The Fall and Rise of Elvis Presley, centered around the star’s triumphant 1968 Comeback Special, we look at the relationship between the king of rock ‘n’ roll and his deceitful manager, Tom Parker, who ultimately destroyed Elvis’ career…

If you happened to be on the gaming floors of the Hilton Hotel in Las Vegas during the early-to-mid 1970s, there’s a strong chance that, no matter what time of day or night you entered, you’d spot a six-foot-tall, grossly overweight man in front of the roulette table. With an elephant-head cane resting by his side, a cigar clamped into his mouth and a cheap baseball cap sat…

Discussions to liquidate NZ’s leading solar panel company began at least six weeks before the decision was announced to staff, according to sources.

SolarZero wasn’t even close to meeting ambitious sales projections, and had gone back to shareholder BlackRock seeking a further equity injection. That would be on top of $257.8 million already invested by GRPIII, a global renewable energy fund managed by BlackRock. 

The first liquidator’s report, published on Tuesday evening, reveals the company owes nearly $40m to employees, tradies and suppliers and other creditors. And although the firm’s 15,500 residential customers had been assured they were protected, it now emerges that 3 percent of them (nearly 500) don’t have…

Wednesday, December 4, 2024 • ByLaura Smith, Local Democracy Reporting

Maketū Pies has been saved again, two weeks into its liquidation process.

Privately-owned catering business Montana Group took over the 42-year-old brand and its about 20 employees today.

Maketū Foods Ltd was placed into voluntary solvent liquidation by its previous owner, Te Arawa Management Ltd, at the end of November, and liquidators had been seeking a buyer for the business.

Te Arawa bought the company in a receivership process five years ago.

Montana Group employs about 1000 people and has 30 kitchens across Tāmaki Makaurau and the Waikato.

Representatives from Montana Group met with the Maketū Pies team this week to make introductions and start the transition…

Maketū Pies has been saved again, two weeks into its liquidation process.

Privately-owned catering business Montana Group took over the 42-year-old brand and its about 20 employees today.

Maketū Foods Ltd was placed into voluntary solvent liquidation by its previous owner, Te Arawa Management Ltd, at the end of November, and liquidators had been seeking a buyer for the business.

Te Arawa bought the company in a receivership process five years ago.

The federal government is facing fresh calls to better support the construction industry after the collapse of another high-profile operation which owed creditors tens of millions of dollars.

Quasar Constructions has entered administration, impacting 10 projects across Sydney and the Illawarra including work on the new Western Sydney International Airport.

The company reportedly owes creditors around $60 million and has around $6 million in assets.

Three projects have been abandoned, three are under review for rectification works, and four projects are tied up in legal disputes.

Impact at new airport

The collapse has affected work…

• Democratic lawmakers urged Biden to cancel student debt for defrauded borrowers before Trump takes office.
• Some borrower defense applications are still pending, and lawmakers are pushing for prompt relief.
• Biden has canceled student debt for over 1 million borrowers defrauded by their schools.

A group of Democratic lawmakers want President Joe Biden to quickly process student-debt cancellation applications for thousands of borrowers before it’s too late.

On Wednesday, 75 Democratic lawmakers, led by Sens. Dick Durbin and Ed Markey and Rep. Maxine Waters, sent a letter to Education Sec. Miguel Cardona urging him to discharge unprocessed borrower defense applications, which are applications student-loan…

As Americans grapple with unprecedented credit card debt levels heading into 2025, finding effective relief strategies has become more crucial than ever. Recent Federal Reserve data shows credit card balances surpassed $1.17 trillion in the third quarter of 2024, up from $1.14 trillion the prior quarter, with the average household now carrying nearly $8,000 in credit card debt. This financial burden has been exacerbated by card interest rates climbing to historic highs, with the average…