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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Matakana business Morris & James Pottery closes after 47 years
A renowned pottery business, Morris and James Pottery, has closed after 47 years due to economic challenges, marking a significant loss for the Matakana community. General manager Kieran Rice indicated that the decision was carefully considered, following unsuccessful attempts to sell the business. Want More Context? 🔎
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