A $61m collapse, squalid flats, gang standovers - and owners who won't talk

PremiumBen LeahyReporter·NZ Herald·8 Aug, 2026 05:00 PM8 mins to read‌A unit at 10 Gray Ave in Mangere East is up for mortgagee sale and is linked to businessmen linked to the collapse of the Yoyoso and Miniso retail chains in New Zealand. Photo / Michael CraigThirty-three companies have gone under, more than $61 million is owed and nobody’s answering. The Herald has traced an Auckland empire’s collapse through dozens of financial documents.

A rundown Auckland rental — in a block where tenants reportedly lived in “some of the worst” conditions seen and faced gang intimidation