Fran O'Sullivan: NZME business commentator on Freedom Furniture posting a multi-million dollar loss
Heather du Plessis-Allan Drive · Newstalk ZB
March 11, 20245m 55s
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Show Notes
Freedom Furniture has posted a $9 million dollar loss, and is relying on Australian owner Greenlit Brands to support them financially.
The furniture and homeware retailer has 12 stores in New Zealand, including five in Auckland.
NZME business commentator Fran O'Sullivan says the 'recessionary environment', increased interest rates and transport delays created by the Red Sea terror attacks have impacted the company.
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Topics
businessretailFreedom Furniture