Story: Business failures and corporate fraud

Levene advertisements (1st of 2)

During the 1990s the number of company failures increased because of difficult trading conditions. One business that failed after a period of significant success was Levene. The company began when 23-year-old David Levene began managing his family's Auckland paint business. He built up a network of international suppliers, developed drive-in stores and discounting, and offered designer home products. In 1994 David Levene ended his involvement with the company, which was sold to Skellerup. There were more than 50 stores at that time – but three and a half years later the business went into receivership.

Using this item

Private collection

This item has been provided for private study purposes (such as school projects, family and local history research) and any published reproduction (print or electronic) may infringe copyright law. It is the responsibility of the user of any material to obtain clearance from the copyright holder.

All images & media in this story

How to cite this page:

Graeme Hunt, 'Business failures and corporate fraud - Personal bankruptcy, corporate failure and fraud', Te Ara - the Encyclopedia of New Zealand, (accessed 30 March 2023)

Story by Graeme Hunt, published 11 Mar 2010