Business Advice

NAB buys Nab.com domain from adult website owner … Topshop NZ to close … Australia to receive “coffee Coke”

Emma Koehn /

Domain name brokers estimate big four bank NAB could have paid as much as $2.5 million to buy the “Nab.com” domain from an adult website owner who has been in control of the domain for more than 20 years.

Fairfax reports the domains Nab.com and Nab.net were purchased by adult site operator David Weissenberg in 1994, and the bank was unable to cut a deal to buy back the sites.

The situation has led to NAB customers inadvertedly accesing the adult site “nab.com” over the years, when trying to reach the bank’s site.

NAB has confirmed it acquired the domains back last month, but has not revealed how much it paid.

Topshop NZ to shutter

Topshop stores in Auckland and Wellington will shut this week, reports the New Zealand Herald, after receivers McGrathNicol were unable to find a buyer for the brand’s parent company Top Retail, which collapsed in early September.

“It is with regret that we have had to inform staff today that the business is unable to continue trading and that Topshop and Topman will no longer have a presence in New Zealand from Sunday,” the receivers said in a statement.

The Australian franchise of Topshop and Topman fell into voluntary administration in May. Department store Myer wrote down its 20% stake in the business, but a number of standalone stores will stay open after administrators brokered a deal with UK parent company Arcadia Group.

Sugar-free “Coffee Coke” to hit shelves

Coke has been making all kinds of revisions to its suite of flavours this year, but a limited-edition Australian product has confused punters.

News.com.au reports Coke is launching a sugar free Coke with a dash of coffee, as part of a special attempt to capture caffeine obsessed drinkers.

The product reportedly contains more caffeine than a standard Coke but less than a regular latte, and is sugar-free.

The beverage has already been trialled in Japan, but Aussies will be the first to have access to the sugar-free version.

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Emma Koehn

Emma Koehn is a former senior journalist at SmartCompany.

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