Buy Now Pay Later Provider in Receivership

Published on June 19, 2024

The buy now pay later (BNPL) market in New Zealand and Australia has been rocked by the collapse of provider Laybuy which announced that it has been placed into receivership According to the company’s receivers Deloitte, Laybuy Group Holdings Limited, Laybuy Holdings Limited and Laybuy Australia Pty Ltd suffered a downturn attributed to sluggish sales and the companies had failed to get back into the black after the hey-days of Covid where BNPL grew exponentially. Founded in 2016 in New Zealand by Gary Rohloff, his wife, and two sons, Laybuy was once valued at AU$358 million (US$240 million). Mr. Rohloff was also the managing director of online Clothing retailer EziBuy in the early 2000s, along with roles as CEO of Number One shoes and Warehouse stationery....

Continue reading on website
Other news

House Ethics Panel Probing Alleged Gaetz Obstruction, Misconduct

June 19, 2024
The House Ethics Committee, in a rare statement on June 18, announced that it is investigating new claims of misconduct against Rep. Matt Gaetz (R-Fla.), including whether he sought to obstruct government probes of his conduct.The statement was issued a day after the congressman blasted the Ethics Committee over what he called a political attack.The committee defended its investigation, saying it

Final 3 Defendants in Arizona Alternate Elector Case Arraigned

June 19, 2024
PHOENIX—The final three defendants in Arizona’s “fake elector” conspiracy case entered pleas of not guilty on June 18 in Maricopa County Superior Court.Jenna Ellis, an attorney and legal advisor during President Donald Trump’s 2020 campaign, and 2020 Republican Senate candidate James Lamon, appeared virtually for their arraignment with their attorneys.The third defendant, Boris Epshteyn, an attorn