The dangerous dreams of John Denize, part 2: In a preview of later attempted deals, the sale of a successful Auckland tavern fails to complete as questions emerge about the role of lawyers and real estate agents.
Around 60% to 70% of the fund will invest in 11 companies in the firm’s existing New Zealand portfolio.
Consumers could soon be paying $10 a cup, says one supplier.
The move comes as the wider sector is rattled by recent receiverships and liquidations.
The Trump Administration has blocked Harvard from enrolling international students in a move the university has called unlawful.
Shareholders who invested around $30m will lose the lot, although the company’s subsidiaries will keep trading.
Report in Canada’s Globe & Mail cites legal correspondence in NZ company’s tense dispute with employee shareholders.
The High Court appointed interim liquidators to the nationwide logistics and container firm in April.
The Auckland businessman and speed racing enthusiast led an eclectic range of businesses including Wendy’s NZ.
The anti-money laundering regulator won’t say if it is investigating a Kiwi customer of the gambling giant identified as high risk in Australian legal action.
