BDO voluntary administrator flagged down Auckland buyer after Blue Bubble hit hard times.
Awards event to be held in Wellington on August 13.
The 2025 King’s Birthday Honours recognise the dedication and philanthropy of New Zealand’s business leaders.
Meanwhile, its proceeds are gathering dust in term deposits.
Consumers could soon be paying $10 a cup, says one supplier.
Around 60% to 70% of the fund will invest in 11 companies in the firm’s existing New Zealand portfolio.
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.
