The debt relates to a personal guarantee he made over the lease of one of the failed chain’s stores.
Hill – a celebrated jeweller, entrepreneur and philanthropist – founded the first of his jewellery stores in 1979.
Deal provides liquidity event for broking firm’s employee shareholders.
The move follows approaches from interested parties and comes amid a shake-up in how general practices are funded.
Hamilton motels received more than $20m in emergency housing grants.
The former directors of the failed wine group have been barred from joining the board of another company until next decade.
More than 30 finalists have been announced for Robert Walters’ NZ Leadership Awards today.
The high-profile winemaker collapsed in 2021 owing creditors close to $100m.
Aircraft manufacturer’s study shows New Zealand’s economy would benefit from domestic sustainable aviation fuel production, despite its higher cost.
Data from RITANZ shows IRD has accounted for 66% of all winding-up applications.