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 Limited on Monday by the director Sarah Balle.
Supie was set up in 2021 with the aim of creating more competition in the grocery sector and providing Kiwis with access to affordable healthy food. The company has approximately 120 employees.
Voluntary Administrator Richard Nacey said Balle made the decision after a key investor pulled funding.
“The sole director of the th…
Read the full article at: https://www.newshub.co.nz/home/money/2023/10/online-supermarket-supie-goes-into-voluntary-administration-owing-3-million.html