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.
Popular Podcasts
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations.
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
The Nikki Glaser Podcast
Every week comedian and infamous roaster Nikki Glaser provides a fun, fast-paced, and brutally honest look into current pop-culture and her own personal life.