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Shanton Fashion shortfall about $4.45m
Retail

Shanton Fashion shortfall about $4.45m

Creditors of women's clothing chain Shanton Fashion are owed almost $7.8 million, while the company has $3.35 million in assets, a wider shortfall than the $693,000 estimate directors gave when the company went into voluntary administration last month.

NZX, watchdog sign agreement
Companies

NZX, watchdog sign agreement

NZX chief executive Tim Bennett says a freshly inked agreement with the Financial Markets Authority will help the sharemarket operator deepen New Zealand's capital markets through the development of new products for investors.