Acecco Holding is also a 51% shareholder of Beautylife Electronics NZ, which has so far not been affected by the company’s receivership or subsidiary liquidations. However, several of the entities in question are now in liquidation, and therefore any recoveries are unlikely. As for unsecured creditors, total claims have amounted to $8.65m. The receivers said it is unlikely that unsecured creditors will be repaid in part or in full. In total, Acecco Holdings has a current deficit of $7.45m.

Source: New Zealand Herald January 20, 2026 19:31 UTC