214:
102:
Watson founded Cullen
Investments in 1995 and is currently the executive chairman of the international private investment company. The company has interests in the following sectors; fashion retail, financial services, agriculture, real estate and sports and entertainment. The firm's primary focus is
192:
in July 2021 charged Eric Watson and two others with insider trading in relation to Long Island Iced Tea Corp's announcement in
December 2017 that it would change its name to Long Blockchain Corp. This change also reflected a change in its focus to blockchain from iced tea and lemonade. As a result
89:
In
December 2009 Hanover Group debenture holders, note holders and bond holders voted in favour of swapping their debentures, notes and bonds for shares in Allied Farmers Limited (NZX: ALF). This transaction resulted in ALF assuming the net asset position of the Hanover Group finance companies.
139:
The Watson
Foundation is a charitable trust established by Cullen Investments to enrich the lives of underprivileged children and young people and assist with their needs, including care, support, protection, health and education. The foundation sponsored till about 2011 charities such as
93:
When
Hanover collapsed, causing significant losses for many small investors, concerns were raised about Hanover group's true financial position, its solvency when paying dividends, transactions that may have benefited related parties, and the accuracy of asset valuations.
694:
81:
bought Elders
Finance in 1999. Elders, and a number of other finance companies, were brought together to create Hanover Group. In July 2008 the finance companies within Hanover Group froze repayments, suspending acceptance of new deposits.
201:
He has one child, Sam Watson, from a relationship before his marriage to Nicky Watson. He was previously married to Nicola Watson, a model now known as Nicola
Robinson. He has three young sons by his Swedish partner, model Lisa Henrekson.
85:
Hanover paid dividends of NZ$ 41 million in the 2007 financial year and NZ$ 45.5 million in the 2008 financial year. The following financial year, NZ$ 68.5m was contributed to
Hanover by entities associated with Watson and Hotchin.
327:
562:
1020:
129:(NRL) and is New Zealand's largest and highest-profile privately owned sporting franchise. He later reduced his share to 50% while selling off the other half to New Zealand billionaire
1040:
156:. Liquidators were seeking $ 57 million from Eric Watson in 2023. In July 2023, the liquidators instructed their solicitors to start bankruptcy proceedings against Eric Watson.
1030:
862:
413:
1035:
152:
Watson is involved in a long-running legal dispute with Glenn. In connection with this case, in
October 2020 Watson was sentenced to four months prison for
1025:
136:
The firm has an international property portfolio, including commercial assets and residential development, predominantly in New
Zealand, the US and UK.
706:
670:
570:
189:
836:
110:. First launched in New Zealand, the company launched sales channels in Australia, US, UK, Europe and the UAE. The brand included ranges from
43:
where he enjoyed his schooling. His first job on leaving school was as a butcher's apprentice. He later became a sales and branch manager at
784:
148:
1015:
515:
103:
development of its international portfolio, which includes interests in the United States, United Kingdom, Australia and New Zealand.
758:
809:
457:
274:
443:
960:
40:
731:
169:
421:
644:
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300:
133:. However, in 2015, he increased his share to 100% becoming the sole-owner of the 'Vodafone Warriors' franchise.
27:
356:
227:
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305:
147:
Cullen Investments and many associated NZ companies were placed into liquidation in late 2019 early 2020.
887:
126:
164:
Watson Bloodstock had interests in a number of race horses, including winners of Group races such as:
31:
listed Watson as the 21st richest New Zealander. However, he was removed from the 2019 NBR Rich List.
1005:
122:
385:
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990:
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863:"Former NZ rich-lister Eric Watson charged with insider trading by US market watchdog"
999:
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219:
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176:
107:
78:
913:
695:
Eric Watson sentenced to jail in UK for contempt of court in Sir Owen Glenn case
537:
209:
130:
44:
985:
563:"Stella McCartney to release first lingerie collection in February 2008"
645:"Luxury estate ideal corporate retreat or idyllic personal getawayNews"
837:"Iced tea-to-blockchain pivot prompts SEC insider trading lawsuit"
732:"Cullen liquidators secure court date for $ 57m Eric Watson claim"
48:
707:"'No defence to this claim': Court rules Eric Watson owes $ 57m"
961:"Eric Watson moves on from cardies to cows as Sardinia beckons"
914:"SEC.gov | SEC Charges Three Individuals with Insider Trading"
785:"Liquidators start bankruptcy proceedings against Eric Watson"
671:"The First Tee of New Zealand View Library Document: Sponsors"
759:"Investigators confident they know where Eric Watson is"
114:
who helped launch the brand into the UK and Europe, and
22:(born 1959) is a former businessman from New Zealand.
275:"2019 Rich List: Sir Bob Jones joins billionaire club"
485:
483:
414:"Hanover investors vote yes to Allied Farmers deal"
861:Anthony, Dileepa Fonseka and John (10 July 2021).
888:"Eric Watson charged with insider trading in US"
328:"Eric Watson: Executive Profile & Biography"
121:Through the firm, he bought a 75% stake in the
1021:New Zealand rugby league chairmen and investors
350:
348:
1041:People educated at Catholic Cathedral College
8:
538:"Elle fronts Bendon's UK launch – The Press"
444:"Eric Watson not surprised SFO closing case"
125:in 2000, which competes in the Australasian
1031:New Zealand Warriors chairmen and investors
593:"Warrior chief living life to the Maximus"
248:"The Rich List at a Glance (Wealth order)"
379:
377:
939:"'Newsboy' Wells & Watson most sexy"
357:"Mark Hotchin: The man behind the money"
301:"Assembling a fortune, deal after deal"
239:
190:U.S. Securities and Exchange Commission
619:"Eric Waston now Warriors sole owner"
7:
299:McNabb, Denise (27 September 2010).
1036:Rugby league chairmen and investors
59:He left Xerox in 1992 to start the
1026:New Zealand expatriates in England
810:"Bankruptcy looms for Eric Watson"
193:its shares soared by nearly 400%.
14:
835:Stempel, Jonathan (9 July 2021).
355:Taylor, Phil (19 February 2011).
168:Little Jamie, winner of the 2000
783:Taunton, Esther (17 July 2023).
212:
757:Cann, Geraden (22 July 2022).
736:NBR | The Authority since 1970
41:Xavier College in Christchurch
1:
892:Otago Daily Times Online News
170:Manawatu Sires Produce Stakes
252:The National Business Review
175:Maguire, winner of the 2002
77:Watson and business partner
963:. NZ Herald. 23 August 2010
516:"Elle Macpherson intimates"
458:"Profile of Eric J. Watson"
106:Through the firm, he owned
1057:
1016:New Zealand businesspeople
332:investing.businessweek.com
70:
184:Long Island Iced Tea Corp
28:National Business Review
941:. NZ Entertainment news
228:List of NRL club owners
47:and then a manager for
16:New Zealand businessman
361:The New Zealand Herald
306:The New Zealand Herald
567:the-lingerie-post.com
520:bendonlingerie.com.au
495:culleninvestments.com
127:National Rugby League
526:on 24 December 2014.
491:"Cullen Investments"
123:New Zealand Warriors
816:. 15 September 2023
599:. 28 September 2003
386:"BC10056892687.pdf"
986:Cullen Investments
649:New Zealand Herald
625:. 28 November 2015
623:New Zealand Herald
468:on 11 January 2011
98:Cullen Investments
991:Watson Foundation
738:. 20 January 2023
462:people.forbes.com
393:societies.govt.nz
160:Watson Bloodstock
154:contempt of court
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144:of New Zealand.
116:Stella McCartney
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573:on 16 July 2011
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112:Elle Macpherson
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73:Hanover Finance
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61:Blue Star Group
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980:External links
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894:. 10 July 2021
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675:The First Tee
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25:In 2011, the
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965:. Retrieved
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943:. Retrieved
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923:14 September
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571:the original
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542:highbeam.com
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524:the original
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466:the original
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177:Auckland Cup
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108:Bendon Group
105:
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79:Mark Hotchin
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39:He attended
38:
26:
24:
19:
18:
1006:1959 births
918:www.sec.gov
768:21 February
742:21 February
716:21 February
629:29 November
500:28 February
472:28 February
366:20 February
337:23 February
312:20 February
20:Eric Watson
1000:Categories
597:smh.com.au
284:28 January
234:References
131:Owen Glenn
55:Businesses
45:Whitcoulls
967:24 August
814:NZ Herald
711:NZ Herald
418:nbr.co.nz
258:24 August
945:1 August
206:See also
197:Marriage
35:Personal
841:Reuters
680:7 March
655:9 March
603:4 March
577:2 March
547:2 March
428:4 March
398:16 June
67:Hanover
651:. 2011
867:Stuff
789:Stuff
763:Stuff
389:(PDF)
49:Xerox
969:2011
947:2008
925:2022
900:2022
874:2022
848:2022
822:2023
796:2023
770:2023
744:2023
718:2023
682:2011
657:2011
631:2015
605:2011
579:2011
549:2011
502:2011
474:2011
430:2011
400:2011
368:2011
339:2011
314:2011
286:2020
260:2011
188:The
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Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.