The parent entity of the outdoor retailer no longer expects to make a loss next year.
Pet food business specialising in wild proteins has gone into liquidation, while a US subsidiary continues to stack up losses.
Attempts to sell the failed home appliances and furniture retailer were unsuccessful.
The write-down on brands such as Just Jeans, Jay Jays and Portmans sent Myer to a full-year loss, with its shares slumping 26% yesterday.
Owner Colin Neal says the more than a century-old brand looks set to disappear from the New Zealand retail landscape.
The company’s receivers confirmed a break-in occurred and the police are investigating.
Prime Minister Christopher Luxon says Kiwi retailers may need to sharpen up as the Swedish retailer gets ready to open in December.
The distributor had accumulated a debt of nearly $500,000 to Mink Pink.
The company was previously in receivership in 1991 and 2020, when it was acquired by Colin Neal’s Polar Capital and delisted.
The boss of the listed retailer also described Victoria as the ‘most disruptive’ Australian market for retailers.