Pattrick Smellie: BusinessDesk managing editor addresses the possibility that more businesses may collapse in the coming years
Update: 2023-10-31
Description
The recent collapse of two high-profile Kiwi startups has raised questions about an incoming downturn for businesses and employment.
Online grocery retailer Supie was placed into voluntary administration and craft brewer Deep Creek Brewing went into liquidation today.
BusinessDesk managing editor Pattrick Smellie says increased interest rates, stubborn inflation and weak consumer confidence could lead to closures becoming more common.
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