Jihee Junn for The Spinoff Art Green's company Riot Foods (parent company of CleanPaleo and Poppy & Olive) hit headlines this week for all the wrong reasons as a letter to shareholders revealed it needed $1 million in the next two weeks or risk being sold. Green and co-founder Ryan Kamins reveal exactly what went wrong over the last six months, which involves a supplier going into receivership and an entire factory rusting over. It all started on the set of Spartacus, a TV show about a sword-slinging, sandal-wearing Thracian beefcake that was shot over four seasons in a Mount Wellington studio. Between takes as extras on the show, personal trainer Art Green, cricketer Mitchell McClenaghan, and business graduate Ryan Kamins bonded over a shared interest in paleo – a diet adopted by all three men in 2012. By 2013, CleanPaleo was born – a company created to make the paleo lifestyle easier, one biltong packet at a time. Since then, the company's experienced a … [Read more...] about Where did it all go wrong for Riot Foods?
Best liability insurance for small business
There are many dysfunctional aspects to the insurance market in Ireland. Let me focus on just two. Having an insurance broker is usually better than not having one. However, some policyholders seem to be making the mistake of thinking that because a broker is involved, the entire insurance market will have been researched to secure the most favourable quotation. That is not necessarily the case. When a broker says, "This is the only available quote", it might be wise to clarify whether that is because no other underwriter in the entire market is prepared to take on the business, or is it because the broker is currently only dealing with one underwriter for motor and maybe only one for liability? Being a bit of a cynic, I would be inclined to demand to know details of the actual proposals put to - and responses from - other underwriters, just to check that the business risk profile was correctly presented to the insurance market. Brokers receive commissions from underwriters. These … [Read more...] about Make sure you’re not a victim of ‘furry handcuffs’ motor insurance
Victims of a “devastating” E.coli outbreak at a Billingham butchers have taken a step forward in their fight for justice - after the company admitted liability. One Teesside woman said she feels “lucky to be here” after being given a 50/50 chance of survival due to suffering kidney failure, following the July 2015 outbreak at Robinsons butchers . A further 14 people also fell ill and five more were hospitalised. Pamela Williams, 72, from Billingham, needed urgent dialysis and blood transfusions and her family were told she might not survive, after eating the contaminated food. The outbreak affected Robinsons Wingate and Billingham branches and led to the temporary closure of both sites. Four of the people in hospital were children aged between eight and 14. A subsequent report from Public Health England identified the likely cause was contamination of ready-to-eat products with raw meat at the sites. A criminal charge against the butchers, brought by … [Read more...] about Billingham butchers admits liability after E.coli outbreak
It is easier and easier to work from work thesedays. Companies can even encourage workers to avoid the office and work from home. It can help with work-life balance, avoid difficult commutes, and assist in childcare issues. And when the weather is like it has been for the past month you could even work outside in the sun. But it’s not all fun and games - forget to tell the right people and there could be huge consequences. Are you risking your home? Whether you rent or own a leasehold or freehold property, spending any time working from home could see you in breach of your terms and conditions. There are three main reasons for this: Your mortgage or your landlord's mortgage is "residential" not "commercial" Your insurance terms need to change, so not telling them could invalidate it There are covenants on the deed of the property, that ban certain uses And that's before you get into the fact that invalidating your insurance can also invalidate your mortgage, or any … [Read more...] about If you work from home you could invalidate your house insurance
Successful claimants in the kiwifruit lawsuit against the Government for negligence in allowing the devastating Psa virus into New Zealand say they concur with acting Prime Minister Winston Peters' estimate of up to $800 million of Crown liability. Pseudomonas syringae pv actinidiae, better known as Psa, infected 80% of kiwifruit orchards nationwide after first being discovered in New Zealand in 2010 and is estimated to have cost the industry up to $1 billion in lost exports. The growers' group, called Kiwifruit Claim, sought more than $376 million in compensation. Last month, the court backed Kiwifruit Claim in the first stage of the trial and found the Crown breached its duty of care to growers. The second stage of the trial will determine the level of costs incurred and compensation, although it is unclear when that will occur. The Government has until the end of next week to decide whether to appeal the High Court judgment from the first stage. In the budget and fiscal update from … [Read more...] about Psa claimants agree Crown liable for up to $800m