Retail
Michael Hill regears for post-covid trading
Jewellery chain Michael Hill International says it has the balance sheet to trade through the covid–19 crisis and emerge with a new digital focus, although the closing of all stores has forced a considerable slimming down of the business. Trading in all stores was temporarily ...
2degrees to lay off 120 staff, slash costs as covid-19 hits revenue
Two Degrees Mobile will lay off 120 staff as part of a wider cost-cutting drive to offset the decline in revenue brought on by the covid-19 crisis.The country’s third mobile player said it’s working through a range of initiatives to strip out costs and plans to cut its 1,200-stro...
Restaurateur Al Brown reluctant to reopen under alert level 3
High-profile restaurateur Al Brown says he is reluctant to reopen his restaurants while social distancing rules are still in effect, instead holding out until the virus had been eradicated.“For me personally, I’d rather keep the restaurants closed until we can open them up as res...
Burger King operator in receivership, blames coronavirus
The New Zealand operators of Burger King are putting the business up for sale, citing the “significant impact” of the covid-19 lockdown on the fast-food business. Korda Mentha’s Brendon Gibson and Grant Graham were today appointed receivers for Tango Finance, Tango New Zealand an...
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