The owner of collapsed large retailer Smiths City has been declared bankrupt. His plight follows Smiths City going under, owing many unpaid creditors more than $26million. Mr Neal’s company Polar Capital LP is the sole shareholder of Smiths City Holdings (2020) Ltd which bought Smiths City in 2020. Mr Neal had taken no steps after being served with a summary judgement application on October 21. Smiths City ceased trading and vacated the premises.

Source: Otago Daily Times April 03, 2026 21:35 UTC