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Polar Capital's Hello Foods: $20m in creditor claims in receivership and liquidation

The food wholesaler's creditors include IRD, landlords and Polar Capital-owned Bay Cuisine

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Developer sues Dodson in $2M property management spat

Developer sues Dodson in $2M property management spat
richmondbizsense.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from richmondbizsense.com Daily Mail and Mail on Sunday newspapers.

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Court makes further orders in $100m matrimonial dispute

The National Business Review Online is New Zealand's authority in breaking business news and analysis.

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Covid-19, cashflow problems blamed for Pricewise collapse

Covid-19, cashflow problems blamed for Pricewise collapse
stuff.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from stuff.co.nz Daily Mail and Mail on Sunday newspapers.

Tauranga-ken-brown , Steven-khov , Colin-neal , Paul-manning , Companies-office , Price-wise , Ken-brown , Polar-capital , Big-chill , Smiths-city ,

New lease on life for former Smith City Clearance store

New lease on life for former Smith City Clearance store
stuff.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from stuff.co.nz Daily Mail and Mail on Sunday newspapers.

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Former staff to be paid out under Smiths City receivership deal

Stuff
Former Smiths City staff who were required to attend unpaid meetings will be paid in full for their time after a compromise was reached.
All payments were expected to be made by the middle of August.
For at least 15 years, every Smiths City store in the country held a meeting of sales staff for 15 minutes every morning, covering topics ranging from sales targets to promotions.
Staff were not paid for the meetings and the time was not recorded as hours worked, resulting in some staff not receiving the minimum wage once the extra 15 minutes was taken into account.
The company argued the meetings were not compulsory and no disciplinary action was taken against staff for not attending them, but the court found otherwise. Chief Judge Christina Inglis said "the expectation to attend, and pressure placed on staff to do so, was direct and forceful.”

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Former staff owed thousands after Smiths City went into receivership

Chloe Ranford/Stuff
Smiths City still owes thousands to former employees for unpaid meetings.
Staff were not paid for the meetings and the time was not recorded as hours worked, resulting in some staff not receiving the minimum wage once the extra 15 minutes was taken into account.
The company argued the meetings were not compulsory and no disciplinary action was taken against staff for not attending them, but the court found otherwise. Chief Judge Christina Inglis said "the expectation to attend, and pressure placed on staff to do so, was direct and forceful.”
If the 101 former employees make themselves known to receivers, they will be paid.

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NBR List: The top Kiwi wealth creators of 2021

To make this year's list, Kiwis had to be more than just 'wealthy'.

New-zealand , Closeburn , New-zealand-general , South-dakota , United-states , Singapore , China , Waiheke-island , Motueka , Waimea-plains , Fiji , Otago

Graeme Hart tops NBR wealth list again

Graeme Hart tops NBR wealth list again
Newshub
3 hrs ago
Priscilla Dickinson
© Provided by Newshub
Watch: NBR editor Maria Slade talks to The AM Show about The NBR List. Video - Newshub; Image - Instagram/GraemeHart, Getty.
Graeme Hart tops the NBR List again as New Zealand's wealthiest person.
The National Business Review (NBR) estimates Hart's net worth at $11 billion, up from an estimated $10 billion in 2019.
Released on Monday, The NBR List reveals the top 10 Kiwi wealth creators for 2021. Following COVID-19, the former 'NBR Rich List' has been revamped, ranking Kiwis on more than just how many dollars they have to their name. The NBR List for 2021 focuses on those who have created wealth and jobs, or whose philanthropic efforts have improved the wellbeing of others.

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Cushing family makes taking minority stake in Jucy official

David Cushing says America’s Cup waylaid November deal with Colin Neal’s Polar Capital.

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