Supplied Supie has gone into voluntary administration. Staff of an online supermarket that was started to create competition in the grocery sector have been told they will not be getting paid this week after company went into voluntary administration. Richard Nacey and Stephen White, of PwC New Zealand, were appointed administrators of Supie Limited on…
Supie founder Sarah Balle. Photo: Maegan McDowell Photography / Supplied promotional image An online grocery business Supie went out of business this morning after being placed in voluntary administration by its owner. The Auckland-based grocer was placed into administration after a key investor stopped funding the business, leaving the business with about $3 million in…
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Related video: Founder Sarah Balle spoke with AM earlier in the year. Credits: AM Online supermarket Supie has gone into voluntary administration owing an estimated $3 million after one of its key investors pulled funding. Richard Nacey and Stephen White of PwC New Zealand were appointed voluntary administrators of Supie Limited, Workerly Limited and Bevie…
Supplied Supie has gone into voluntary administration. An online supermarket that was started to create competition in the grocery sector has gone into voluntary administration. Richard Nacey and Stephen White, of PwC New Zealand, were appointed administrators of Supie Limited on Monday by the director and founder Sarah Balle. According to the National Business Review,…
Online grocery business Supie has gone out of business after being placed in voluntary administration. The Auckland-based grocer was placed into administration by its sole director after a key investor stopped funding the business, which began as a start-up two-and-a-half years ago. PWC voluntary administrator Richard Nacey says the company, which employed 120 people, has…
Thinkstock GroupM, which has recently come up against business headwinds, is about to undergo some serious restructuring, or as parent WPP puts it, simplifying the offer. To get an idea at the motivation, look at WPPs already announced merger of Wunderman Thompson and VMLY&R to create the worlds largest creative group, VML. The move will…
Supie founder Sarah Balle. Online grocery startup Supie, which raised millions from investors to take on the big supermarket chains, has gone into voluntary administration. The business has approximately 120 staff. Voluntary administrator Richard Nacey said: The sole director Advertisement Advertise with NZME. Advertisement Advertise with NZME. Read the full article at: https://www.nzherald.co.nz/business/online-grocery-challenger-supie-goes-into-voluntary-liquidation/CZTMMJFO5RBCZFUKH7VKXUEZ6M/
ASIC has prosecuted 100 individuals for failing to assist liquidators with insolvency proceedings, reaping over $430,000 in fines during the first half of the year. The 100 prosecuted individuals were guilty of 194 offences under the Corporations Act 2001 by not providing liquidators with access to company books and failing to submit a report on…
GroupM, which has recently come up against business headwinds, is about to undergo some serious restructuring, or as parent WPP puts it, simplifying the offer. To get an idea at the motivation, look at WPPs already announced merger of Wunderman Thompson and VMLY&R to create the worlds largest creative group, VML. The move will bring…