The Pack and Pedal chain of bike and camping shops has gone into liquidation owing millions of dollars.
It was owned by Barry Coleman, the publisher of the National Business Review and someone who is always very keen to put forward his views on how New Zealand should be run.
I mean, really! Many bike shops are run by hippies and they keep running succesfully for years and years - sell bikes, fix bikes, collect money - it's hardly rocket science!
Maybe Mr Coleman's next venture will be a mobile edible mollusc retail outlet...