ISSUE
Friday, August 22, 2025
Volume 16 . Issue 73
Daven Naidu, of Logical Systems Ltd, an Apple reseller, Apple business partner for over 20 years and systems integrator based in Auckland, will take over five Yoobee stores, paying $900,000 for inventory less than 60 days old, to sell older inventory worth about $250,000 on behalf of Renaissance and pay a nominal $1 for assets, fixtures and fittings.
It will retain about 42 existing workers. Renaissance will be responsible for collecting debts of about $100,000.
Daven Naidu said,”it is in line with our growth strategy, and we had been looking to grow using a similar business environment, and this business is complimenting our own specialization.”
He added, we have years of expertise in back end services, for Apple networks and commercial systems. And this now gives us a chance to help customers make an informed decision and apply ourselves in retail.
The road ahead is not going to be easy but we plan to run this in an efficient way, integrating the 42 new staff members, Naidu said, “ there is a lot of work to be done, it is going to be challenging but the retail business is turning around in New Zealand, going forward we are positive about it.”
This deal will make Naidu one of New Zealand’s largest Apple resellers, and making them offer services to customers nationwide.
Daven Naidu, of Logical Systems Ltd, an Apple reseller, Apple business partner for over 20 years and systems integrator based in Auckland, will take over five Yoobee stores, paying $900,000 for inventory less than 60 days old, to sell older inventory worth about $250,000 on behalf of Renaissance...
Daven Naidu, of Logical Systems Ltd, an Apple reseller, Apple business partner for over 20 years and systems integrator based in Auckland, will take over five Yoobee stores, paying $900,000 for inventory less than 60 days old, to sell older inventory worth about $250,000 on behalf of Renaissance and pay a nominal $1 for assets, fixtures and fittings.
It will retain about 42 existing workers. Renaissance will be responsible for collecting debts of about $100,000.
Daven Naidu said,”it is in line with our growth strategy, and we had been looking to grow using a similar business environment, and this business is complimenting our own specialization.”
He added, we have years of expertise in back end services, for Apple networks and commercial systems. And this now gives us a chance to help customers make an informed decision and apply ourselves in retail.
The road ahead is not going to be easy but we plan to run this in an efficient way, integrating the 42 new staff members, Naidu said, “ there is a lot of work to be done, it is going to be challenging but the retail business is turning around in New Zealand, going forward we are positive about it.”
This deal will make Naidu one of New Zealand’s largest Apple resellers, and making them offer services to customers nationwide.
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