Three wealthy Kiwi families and a former investor have agreed to purchase Ubco, an electric motorbike maker that entered receivership in January, owing $35.7 million. Following positive discussions with receivers, the deal will not only restart operations but also ensure majority local ownership of the company.
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Fire-hit New World Victoria Park: Foodstuffs North Island reveals plans for repair, reopening
Auckland's fire-damaged New World Victoria Park will undergo repairs and is expected to remain closed for about two years, with a planned reopening in 2027. Foodstuffs North Island's general manager, Lindsay Rowles, stated that the existing three-level store may be repaired rather than demolished, and design teams are already working on the project. Want More Context? 🔎
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