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Nicola Willis wants third competitor to break up supermarket duopoly

National Party deputy leader Nicola Willis wants a third supermarket competitor to break up the current duopoly, following the collapse of online grocer Su

Sarah balleJacqui knightJon duffyAnthony bunceRichard naceyMarty melvilleVan heerdenNicola willisNational partyTex edwardsMorning reportGrocery industry competition act

Supie failure: Nicola Willis says third entrant needed to break up supermarket duopoly

Supie failure: Nicola Willis says third entrant needed to break up supermarket duopoly
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.

Jacqui knightAnthony bunceNicola willisVan heerdenSarah balleRichard naceyJon duffyNational partyTex edwardsMorning reportGrocery industry competition act

Supie collapse: Five reasons start-ups suddenly find it harder to get funding

The failure of online grocery firm Supie has shone a light on start-ups, and their increasing difficulties raising money. Here’s an explainer about venture.

New zealandSarah balleJudith collinsStartup advisors councilElevate fundWarehouse groupSnowball effectLabour led governmentTechnology minister judith collins

Linda Hall: The Warehouse, Supie and the forlorn hope of cheaper food

Linda Hall: The Warehouse, Supie and the forlorn hope of cheaper food
nzherald.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nzherald.co.nz Daily Mail and Mail on Sunday newspapers.

Pierre van heerdenSarah balleGrocery commissioner pierre

Supie directors stood down to make process easier, one says

Former Supie director Ben Kepes says the online supermarket's failure is tragic for everyone - and there are people lower on the food chain than the workers owed wages. Supie announced on Monday it had gone into voluntary administration owing about $3 million to creditors, with nearly all the 120 staff instantly losing their jobs and unlikely to be paid for their last two weeks of work or annual leave. Founder Sarah Balle launched the Auckland-based independent virtual supermarket in 2021 in competition with the two big chains. The company had three directors up until last Friday - when two bailed out just before the company's financial predicament was made public. One of them, Ben Kepes, told Checkpoint they had been spread around the country and stood down after they met on Friday to make the necessary changes easier.

New zealandBen kepesSarah balleRadio new zealandUblic radioUrrent affairs