Liquidators from BDO Christchurch expect many Smiths City creditors to go unpaid after they found more than $26.8m in liabilities from the collapse of the large retailer.
Another business linked to Christchurch property developer Andrew Bendemski has folded, leaving a string of connected companies owing at least $35 million to creditors.
Major NZ airports, including Christchurch, are breathing a collective sigh of relief after the Commerce Commission rejected a call to review regulation that requires them to act in the best interests of consumers.
The Christchurch hospitality sector is dining on a spending rise, suggesting pubs, cafes, restaurants and takeaway outlets are no longer still struggling.
A popular cafe is calling on the government to provide more pathways to residency for hospitality workers, saying its currently losing them to other sectors.