Auckland rug shop owner Majid Bayat says he pretty much lost everything in January's floods. Bayat has two outlets of his Aladdin Rugs business in Auckland, one in Ellerslie and one in the hard-hit Wairau Valley. 'We suffered a lot,' Bayat says. 'Over $100,000 [in losses]. And unfortunately, we didn't have insurance.' He says everything 'went under the water'. Without stock to sell, the business can't bring in any money. Bayat says he is in the process of asking his bank for a business loan.

https://www.interest.co.nz/business/120856/its-getting-really-hard-me-auckland-businesses-still-counting-cost-woeful-summer

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