Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

PRG Not Party to Winz Operation

FOR IMMEDIATE RELEASE

PRG Not Party to Winz Operation

Auckland – 2 March 2001 – Pacific Retail Group (NZSE: PRG) denies the allegation, made in today’s issue of National Business Review, that its consumer credit division “uses debt collectors to bribe Winz staff for the addresses of credit defaulters.”

In refuting the claim, PRG CEO, Peter Halkett, said “We are a nationwide company and we employ the services of some thirty-four debt collectors and repossession agency companies throughout New Zealand. We are well aware of our legal and ethical obligations and we remain vigilant in observing them.”

“We are very clear in discussions with contracted collectors that we require them to act legally in locating and dealing with defaulters. The practice referred to in the story is illegal – whether information is sourced from Winz or other organisations restricted under the Privacy Act. We ensure our agents know that it is illegal and that we neither condone nor encourage such behaviour.

“We continuously review our relationship with them, and their business practices. Were we to become aware of an agency obtaining information by illegal or questionable means, we would move swiftly to sever our association with it.

“While we are concerned about the unsubstantiated allegations, we have no information as to specific agencies or instances. Naturally we have discussed the matter with the collection and recovery agencies we employ, but can do no more until we receive further information. When that happens we will review it and will act on it in an appropriate manner.

“Had the NBR taken the time to check with us before writing this story, we have no doubt they would have avoided making reference us in association with this matter.”

ENDS

About PRG
Pacific Retail Group is an NZSE-listed retail company. The appliance, electronics and computer retailer has 90 stores and sales of over $360 million, trading through its Noel Leeming, Bond & Bond, Computer City, Living & Giving and Pacific Retail Finance brands.

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Voluntary Administration: Renaissance Brewing Up For Sale

Renaissance Brewing, the first local company to raise capital through equity crowdfunding, is up for sale after cash flow woes and product management issues led to the appointment of voluntary administrators. More>>

Elsewhere:

Approval: Northern Corridor Decision Released

The approval gives the green light to construction of the last link of Auckland’s Western Ring Route, providing an alternative route from South Auckland to the North Shore. More>>

ALSO:

Media Mega Merger: Full Steam Ahead For Appeal

New Zealand's two largest news publishers have confirmed they are committed to pursuing their appeal against the Commerce Commission's rejection of the proposal to merge their operations. More>>

Crown Accounts: $4.1 Billion Surplus

The New Zealand Government has achieved its third fiscal surplus in a row with the Crown accounts for the year ended 30 June 2017 showing an OBEGAL surplus of $4.1 billion, $2.2 billion stronger than last year, Finance Minister Steven Joyce says. More>>

ALSO:

Mycoplasma Bovis: One New Property Tests Positive

The newly identified property... was already under a Restricted Place notice under the Biosecurity Act. More>>

Accounting Scandal: Suspension Of Fuji Xerox From All-Of-Government Contract

General Manager of New Zealand Government Procurement John Ivil says, “FXNZ has been formally suspended from the Print Technology and Associated Services (PTAS) contract and terminated from the Office Supplies contract.” More>>