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.
The retailer has been accused of potentially breaching the Fair Trading Act and making unsubstantiated advertising claims.
Retailers and property owners appear to be locked in a stalemate as the sector tries to put the pandemic behind it.
There are going to be a lot of ‘smart, innovative, and exciting new opportunities,’ Scott Simpson says, after criticism of the change.
Surcharges currently cost New Zealanders up to $150 million a year.
The Wellington-founded coffee company is in growth mode, after getting new investment earlier this year.
LVMH-owned DFS says it will exit the Oceania market after a review of its global store network.