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Liquidators can't find Eric Watson to serve papers relating to $57m claim

Liquidators can't find Eric Watson to serve papers relating to $57m claim
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NZ businessman Eric Watson facing $57m claim from Cullen Group liquidators

Liquidators’ discussions with representatives of Watson had not resulted in an outcome, the report said.
“Proceedings against Mr Watson have been drafted and are ready to be filed, after finalising a logistical matter regarding service of the relevant documents,” it said.
Liquidators’ expected to have proceedings filed within the coming weeks and would provide an update in the next reporting period.
Six months ago the former rich-lister was released from London s Pentonville Prison where he served four months for contempt of court after withholding information about his assets from philanthropist and former business partner Sir Owen Glenn.
Cullen Group’s liquidators say Cullen Investments is the shareholder of a number of group entities and has or had interests via loans, advances and shareholdings in numerous other entities. ....

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Naked Brand shareholders approve Bendon sale to management

Naked Brand shareholders approve Bendon sale to management
27 Apr, 2021 05:35 AM
2 minutes to read
The majority of Bendon s retail stores are in New Zealand, with most of its revenue generated here. Photo / Adam Pearse
The majority of Bendon s retail stores are in New Zealand, with most of its revenue generated here. Photo / Adam Pearse
NZ Herald
Shareholders of Nasdaq-listed Naked Brand Group have approved the divestment of Auckland-based lingerie chain Bendon to a group of existing management.
Proxy votes were cast in favour of the deal at Naked s annual shareholders meeting
in Sydney, despite most shareholders residing in the US.
A preliminary vote tally showed 114.1 million shares were voted in favour of the deal and 1.97 million against, according to a US SEC filing. ....

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