The liquidators said the company was unable to provide refunds to customers who hold onto unredeemed vouchers.
“Consumers will need to take steps themselves – including contacting individual merchants – to assess how unredeemed vouchers will be treated.”
New Zealand Media and Entertainment (NZME), publishers of the New Zealand Herald, sold GrabOne in 2021 to Global Marketplace New Zealand for $17.5 million.
GrabOne was founded in 2010 as a 50/50 venture between IdeaHQ – controlled by entrepreneur Shane Bradley – and then Herald publisher APN. APN progressively bought out Bradley’s stake, taking full control in 2013 in a deal worth up to $12.2m.
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