GrabOne shuts down as owner Global Marketplace goes into liquidation

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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