Fran O'Sullivan: NZME business commentator on Freedom Furniture posting a multi-million dollar loss - Heather du Plessis-Allan Drive

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.

LISTEN ABOVE

See omnystudio.com/listener for privacy information.