The debt relates to a personal guarantee he made over the lease of one of the failed chain’s stores.
The Rainbow Group centres employed 130 staff across New Zealand.
Al Yates’ power retailer sells 100% hydro, wind, and solar power to about 1% of the market – and will double business in next year, he reckons.
KPMG report highlights another strong year in profit for banking sector, to over $7 billion.
It follows one of the worst seasons for kiwifruit quality and taste.
‘It’s a weight off their shoulders,’ Icehouse Ventures CEO Robbie Paul says of the $100m he estimates is connected to NZ startups.
Long-serving chair remembered for contribution to business and community.
The proposed transaction will be the first full test of new laws protecting taxpayers from liability.
Council officers have recommended against approving the Manawatū waste-to-energy project.
The chief executive of Simplicity believes New Zealanders paid $345m in excess fees last year.