Pumpkin Patch owes $59.5 million to its bank and at least $6.6m to other creditors, receivers KordaMentha said.

Kiwis were more focused on buying gifts for Christmas than getting Boxing Day bargains, new figures from Paymark show.

Diamonds, not marriage, are forever for China's millennials.

Stores are already heaving with Boxing Day shoppers, but some retailers jumped the gun this year with online discounts.

Iraqi-born Layla Kaisi has created her own jewellery line, the young designer opens up about increasing responsibility.

Kiwis have been scrambling to do last minute Christmas shopping at a record-breaking pace today.

Spending in the lead up to Christmas had grown in Otago 12.7 per cent year-on-year.

A bizarre trend sweeping the world involves teenagers sleeping over at Ikea. What will the kids think of next?

The massive Chinese online marketplace Alibaba has been named again on the US 'Notorious Markets' for allegedly selling fake goods.

Former Billabong CEO Matthew Perrin has been convicted of fraud and forgery offences after faking his ex-wife's signature to get a $13.5 million loan.

Retailers might be facing a tough Christmas after The Warehouse revealed trading has been well below last year.

Smiths City first-half profit slides 46% on restructuring costs, year-earlier asset sale not repeated.

The Warehouse says profit may fall up to 15 per cent as it contends with a weaker-than-expected run up to Christmas.

The jury in the fraud trial of fallen Billabong boss Matthew Perrin is expected to begin deliberations early this week.

Vacuum cleaner company Godfreys has been fined $48k over lack of information in extended warranties.

Christmas spending is shaping up to be strong across the country.

Husband and wife duo Gary Adam and Angela Pile explain what the future holds for their gift sourcing business.

Consumer watchdog is calling for an investigation into retailers sales tactics in the lead up to Christmas, saying consumers are being misled.

Sir Philip Green is attempting to put his BHS woes behind him by launching standalone Topshop stores across China.

Tobacco companies are flouting ad bans by rewarding retailers who push products using a specific sequence of magic words.

Lewis Road Creamery founder Peter Cullinane won't rule out legal action against Fonterra over allegedly negotiating a "greedy deal" with supermarkets.

The wife of a bankrupt Nando's franchisee owner has been found personally liable to pay staff $70,053 owing in wages and holiday pay.

Woolworths has been promising a cheap Christmas - but one customer thinks this wasn't what they had in mind.

Veritas Investments will wind up its unprofitable Nosh supermarket business to keep in the good graces of its lender, ANZ Bank New Zealand.

She thought he was going to confess to being unfaithful again but he replied "no, it's much worse than that... I've lost everything."

Former Billabong boss faked his ex-wife's signature on mortgage documents to use the family home in a A$13.5 million, a court has heard.

Hallenstein Glasson has named Mark Goddard as its next chief executive, replacing long-serving Graeme Popplewell.

Thirty-four years ago, Brendan Lindsay was making plastic coat hangers in a half-built garage in Cambridge. Today, he is set for a big payday.

The business community is welcoming Bill English's appointment to Prime Minister, but asking: can he keep up Key's skillful diplomacy?

Lewis Road Creamery founder Peter Cullinane is accusing Fonterra of negotiating a "greedy" deal with supermarkets.