Giant Auckland homeware and furnishing store Nido is in talks with its landlord about options to “strengthen its financial future”. Vijay Holdings was put into the hands of liquidators on November 9 and looks likely to leave creditors out of pocket to the tune of $2.6 million. SUPPLIED There is no missing the Nido store from Auckland’s Northwestern Motorway. It has been granted a total of just over $1.23m from the wage subsidy scheme, the wage subsidy scheme extension, and the resurgence wage subsidy scheme, the Ministry of Social Development's online subsidy search engine shows. In October, Vijay Holdings still had hopes of being able to pay creditors over time.

Source: Stuff November 17, 2020 16:04 UTC