Ezibuy

Background Information

As Administrators, we recognize the uncertainty and concern that the recent announcement may have caused for EziBuy staff. Our commitment is to guide you through this process.

We have developed the EziBuy Staff Portal to facilitate effective communication, provide easy access to essential resources, and offer proper guidance. Upon logging in, kindly subscribe for important updates. The portal includes:

  • Announcements regarding EziBuy’s situation
  • A comprehensive FAQ section addressing concerns, such as job security
  • Relevant forms and documents to be completed during this process

We respectfully request staff to refrain from speaking with the media over the next two weeks to maintain consistent messaging across all stakeholders. If approached, please contact our office or direct inquiries to Chris Fogarty at [email protected].

We will be speaking to your union as part of the restructuring process.

EziBuy’s challenges mirror the broader retail landscape, with New Zealand’s economy contracting 0.6% in the December ’22 quarter.  This had a significant impact on retail sales nationwide.  At the same time fluctuating exchange rates have increased import costs increasing our FX risk. These factors have led to an unsustainable cost structure for the company.

We acknowledge the unease that change brings but rest assured, we will be working towards a positive outcome.

Thank you for your commitment and understanding. We encourage you to log in and subscribe to the EziBuy Staff Portal to stay informed and connected.

Damien Hodgkinson
Joint and Several Administrator

Further Information

Please find below a copy of the Australian Securities and Investments Commission (‘ASIC’) insolvency information sheet for directors, employees, creditors and shareholders. For an explanation of terms used in this sheet, please see ASIC’s ‘Insolvency: a glossary of terms’. For additional information, refer to the ASIC website at www.asic.gov.au/insolvencyinfosheets.

Appointment Details

Appointment Type

Voluntary Administration

Appointment Date

April 03, 2023

Appointees

Mohammad Mirzan Bin Mansoor and Michael James Billingsley

Office

17B Farnham Street, Parnell, Auckland 1052, New Zealand

Companies Subject to Administration

NEW EZIBUY LIMITED (NZCN 6318249)
EZIBUY CUSTODIAN LIMITED (NZCN 7052973)
EZIBUY HOLDINGS LIMITED (NZCN 1915120)
EZIBUY LIMITED (NZCN 297449)
LAST STOP SHOP LIMITED (NZCN 5654828)
EZIBUY OPERATIONS LIMITED (NZCN 1439405)
SARA APPAREL LIMITED (NZCN 972024) ("the Group")

Contact

Information for Creditors

Updates Type Date Updated Download

Letter to Creditors

Notice

May 03, 2023

Initial information for employees

Notice

Apr 03, 2023

Notice of first meeting to employees

Notice

Apr 05, 2023

Proof of Debt Form (Employees)

Form

Apr 03, 2023

Appendix D – Proxy – EziBuy

Form

Apr 05, 2023

Looking for more Information?

Reachout to our expert team.

Declaration

Investors, Creditors and Stakeholders Declaration

Access to information about the administration (or Deed Administration or Liquidation) of the Company contained on this website and any links (thereto) is limited to investors and creditors of (and any professional advisor’s of those creditors) of the company. By downloading or viewing any of this information, you are declaring the following:

“I declare that I am an investor or creditor (or a professional advisor of such a creditor) of the Company and I agree not to communicate any information contained on this website (and any links thereto) to any person other than another investor or creditor of the Company without the express written consent of Olvera Advisors or unless otherwise compelled by law. Further, I indemnify Olvera Advisors in respect of any liability to which they are exposed in the event that this declaration is false and as a consequence of that falsity.