close
MENU
Retail
2 mins to read

Godfreys’ creditors won't get A$43m owed

Best deal administrators could get sees Godfrey's assets bought by owner's other company and employees' full entitlements paid.

The business operated 141 stores with another 28 outlets run by franchisees.

Dan Purves Wed, 05 Jun 2024

Godfreys’ creditors have unanimously voted for a structured selling of the retailer's remaining assets to secured lender 1918 Finance, instead of a more immediate liquidation of its assets.

The finance company is part owned by the Johnston family who were also the owners of the now defunct vacuum

Want to read more? It's easy.

Choose your best value subscription option

Student

Exclusive offer for uni students studying at a New Zealand university (valued at $499).
Individual
Group membership
NBR Marketplace

Yearly Premium Online Subscription

NZ$499.00 / yearly

NZ$399.00 / yearly

Offer ends July 31st

Monthly Premium Online Subscription

NZ$44.95 / monthly

Smartphone Only Subscription

NZ$24.95 / monthly

Premium Group Membership 10 Users

NZ$350+GST / monthly

$35 per user - Pay by monthly credit card debit

Premium Group Membership 20 Users

NZ$600+GST / monthly

$30 per user - Pay by monthly credit card debit

Premium Group Membership 50 Users

NZ$1250+GST / monthly

$25 per user - Pay by monthly credit card debit

Premium Group Membership 100 Users

NZ$1875+GST / monthly

$18.75 per user - Pay by monthly credit card debit

Yearly Premium Online Subscription + NBR Marketplace

NZ$499.00 / yearly

Already have an account? Login
Dan Purves Wed, 05 Jun 2024
Contact the Writer: dpurves@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Godfreys’ creditors won't get A$43m owed
Retail,
104342
true