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NEW ZEALAND FRANCHISE NEWS ARCHIVE

 
: : Jul-Dec 2003

Creating Powerful & Profitable Franchise Meetings. While January is generally a quiet month in business, franchisors have the opportunity to kick-start the New Year with a seminar in New Zealand by Greg Nathan, one of the world's top franchise gurus, on Thursday 22 January. .... [more] 23 Dec, 2003
Tidings of little joy for PC Company creditors. Suppliers and staff of The PC Company face a grim Christmas. .... [more] 23 Dec, 2003
Restaurant Brands confirms new CEO. Restaurant Brands has confirmed its acting chief executive Vicki Salmon will be its permanent CEO. .... [more] 19 Dec, 2003
Restaurant Brands posts better than expected Q3 sales. Fast food operator Restaurant Brands today said a recent upswing in KFC sales had resulted in better than expected third quarter sales of $67.6 million across the group. .... [more] 9 Dec, 2003
Retailers challenge Caltex over 'deceptive' conduct. Caltex retailers are taking legal action against the oil company, accusing it of breaching good faith. .... [more] 8 Dec, 2003
Kiwi McDonald's Going On A Diet. McDonald's is going on a diet. The fast food giant isn't giving away details yet but is expected to mimic McDonald's Australia in a move towards healthier food. .... [more] 3 Dec, 2003
PC Company customer calls in the police. A disgruntled customer of The PC Company has contacted police after the company failed to locate his machine, which was in for repair. .... [more] 2 Dec, 2003
Vending Technologies slots into business niche in Dallas. Vending Technologies is opening a new office in Dallas, Texas, as it seeks to turn its back on a difficult 18 months and head towards growth. .... [more] 30 Dec, 2003
Starbucks brews up new style of stores. Embattled coffee chain operator Restaurant Brands is lifting the lid it temporarily placed on its Starbucks coffee store rollout after problems with its fast-food business last month knocked profit forecasts - and the share price - for a six. .... [more] 30 Dec, 2003
Vending Technologies' wild ride over, meeting assured. Vending Technologies' shareholders have been promised better times ahead after a year of wild swings in the company's share price. .... [more] 29 Nov, 2003
Fear of fat eats up fast food profits. When Restaurant Brands shares plummeted after a $2 million profit downgrade this month, eight employees of a prominent merchant bank conducted a snap poll. .... [more] 29 Nov, 2003
Online casinos illegal in NZ, warns Internal Affairs. At least one New Zealander has paid $25,000 for a casino franchise which appears to be illegal, the Department of Internal Affairs says. .... [more] 26 Nov, 2003
Subway biting off bigger chunk of fast food market. American sandwich franchise Subway is biting off an increasing length of New Zealand's fast food sector as consumers turn from fatty offerings to healthier alternatives. .... [more] 26 Nov, 2003
Restaurant Brands shares suffer. Restaurant Brands' shares were yesterday screwed down to almost half the company's listing price as investors scrambled to make sense of Tuesday's dramatic profit downgrade. .... [more] 22 Nov, 2003
KFC bone sticks in craw of Restaurant Brands investors. A profit warning issued by Restaurant Brands on Tuesday has stuck in the craw of investors who sold the already depressed stock down 11 per cent this week. .... [more] 19 Nov, 2003
KFC slump eats into profits. Restaurant Brands dropped another bombshell yesterday, warning its profits would suffer by $2 million as a result of a sales slump in its KFC stores. .... [more] 19 Nov, 2003
KFC sales hard to swallow for Restaurant Brands. Restaurant Brands's key Kentucky Fried Chicken chain dished up another spoilt serving today in the form of a sales slump. .... [more] 18 Nov, 2003
KFC serves up another nasty surprise for restaurant brands. Restaurant Brands' key brand, KFC, dished up another spoilt serving today in the form of a sales slump. .... [more] 18 Nov, 2003
Ex-staff attack PC boss' used-parts denial. The fallout from the collapse of The PC Company continues, with former staff rejecting founder Colin Brown's denial that used parts were put into new personal computers. .... [more] 18 Nov, 2003
Green Acres aims for fresh investment pastures. A stock exchange listing will help Green Acres achieve its aim of 15 per cent growth in franchise numbers over the coming year, says director Logan Sears. .... [more] 15 Nov, 2003
BP deal leg-up towards GAS goal of 200 stations. Oil giant BP has signed a deal with independent gas station supplier Gasoline Alley Services (GAS), which could mean 140 stations replacing the green and gold with orange and black. .... [more] 6 Nov, 2003
Pero Homes In On Top Award. Mike Pero Mortgages has been named the Westpac Supreme Award winner in the New Zealand Franchise Awards 2003. .... [more] 6 Nov, 2003
DB lifts profit 13pc on beer sales spike. A growing beer market combined with savings from its upgraded South Auckland brewery helped boost DB Breweries' profit for the past year by 13 per cent. .... [more] 5 Nov, 2003

Audio-visual firm seeks $4m. In a move that is music to the stock exchange's ears, Allbury Holdings, which owns the Eastern Hi-Fi retail chain, is seeking $4 million from an offer of shares and convertible notes as it sets itself up to list. .... [more] 1 Nov, 2003
Green Acres takes back way to listing. The Green Acres home care franchise group is set for a backdoor listing on the stock exchange. .... [more] 31 Oct, 2003
Retailers jostle for the DIY dollar. The scrap for the DIY dollar has become fierce, with two rivals fighting all the way to the Court of Appeal. .... [more] 25 Oct, 2003
Fast, clean and no questions about having fries. The wall, set back a little off Dunedin's George St, has been quite a curiosity for passersby. It is boarded up, and they want to know what's going on. .... [more] 23 Oct, 2003
Analyst questions Kiwibank revenue. The pieces that make up Kiwibank's revenue pie have been questioned by a leading banking analyst in his latest quarterly newsletter. .... [more] 21 Oct, 2003
Hone home skills for success stories. It is important during Home Business Week to recognise that for many New Zealand women the home is inevitably a place of work, especially once children enter the picture. .... [more] 17 Oct, 2003
Harcourts takes its own advice. Expansion at the national headquarters of Harcourts in Auckland has led to the business moving from Penrose to Newmarket. .... [more] 15 Oct, 2003
Cobb and Co chain gets new lease of life. When South Island tourism entrepreneur Jim Boult and his wife, Karen, bought the Cob and Co family restaurant chain in April last year, the company was in steep decline. .... [more] 13 Oct, 2003
Property problems: Franchisor franchisee failings fuel frustration. I own a commercial unit in a retail centre. The unit is leased to a large company which has franchised its operations. .... [more] 11 Oct, 2003
Restaurant Brands' profit drop easy to swallow. Despite the colonel's secret recipe being a little stale, the market swallowed Restaurant Brands' latest offerings with ease. .... [more] 8 Oct, 2003
Kiwibank's low income mortgage scheme 'anti-competitive'. SMC Building Society has joined the chorus of complaints over a Government-backed Kiwibank scheme to help low income people into the housing market. .... [more] 7 Oct, 2003
Sacking The Boss. Tired of the daily grind and the office politics? Franchising offers a wealth of opportunities for experienced managers. .... [more] 2 Oct, 2003
Mortgage scheme draws hundreds of hopeful buyers. The housing market is about to heat up even more as hundreds of new buyers qualify for Kiwibank's new mortgage assistance scheme. .... [more] 24 Sep, 2003
Mobile phones hot new item on menu at McDonald's. McDonald's last night gave $1.6 million worth of Nokia 2280 mobile phones to its 6500-strong New Zealand workforce to use for as long they are employed by the firm. .... [more] 23 Sep, 2003
Don't Sign Without This Sign. That's the message of a campaign being promoted by the Franchise Association of New Zealand to those considering franchising - the sign being the FANZ logo. .... [more] 22 Sep, 2003
Kiwibank growth on track. The state-owned Kiwibank yesterday reported a loss of $8 million for the year to June 30 - and gave a snapshot of its progress as a fast-growing minnow. .... [more] 17 Sep, 2003
Restaurant sales up but costs hit profits. Restaurant Brands has issued a first-half profit warning after confirming yesterday that its second-quarter sales of $95.7 million were slightly up on its first-quarter trading. .... [more] 17 Sep, 2003
RELATED - TAB hits online jackpot. The TAB expects its revenues from Internet gambling will top $100 million in the year to July 2004, as Lotto gets the green light from parliament to join it in cyberspace. .... [more] 15 Sep, 2003
Pero Calls For Industry Ad Campaign. Mike Pero reckons that the mortgage broking industry should kick start a generic advertising campaign to promote brokers. .... [more] 12 Sep, 2003
Stirling Sports tackles hardware. Fletcher Building has sold its do-it-yourself retail chain The Building Depot to Stirling Sports boss Mark Taylor. .... [more] 3 Sep, 2003
Enjoy bandwidth with a latte. Starbucks customers in Auckland and Christchurch can take bandwidth with their lattes thanks to a deal with Reach Wireless for a "hot spot" wireless system for five of the chain's 35 New Zealand stores. .... [more] 2 Sep, 2003
Smartypants perfect fit for parents. Inside the orange and purple themed Ponsonby store, there are play areas for children...and wide aisles to enable easy access for double buggies. This store is for the family, designed to take care of children while their parents browse. .... [more] 29 Aug, 2003
Makeover time for grand old lady. The Cobb & Co chain - which could be considered the tired, but grand old lady of family restaurant dining - has been given a makeover and a dose of steroids by its new owners. .... [more] 26 Aug, 2003
Global courier firm calls Napier home. Its incubation in Napier was by chance. But now, with business in 15 countries, Fastway Couriers is comfortable that its global headquarters has stayed put. .... [more] 23 Aug, 2003
20 Years Of A NZ Success Story. Fastway Couriers, the world's largest courier franchise, is holding a gala dinner for 200 people in Napier this Saturday to celebrate 20 years of trading. .... [more] 22 Aug, 2003
Vending Technologies returns net profit. Auckland-based Vending Technologies (VTL) today confirmed a $3.3 million net profit after tax for the 15 months to June 30, the company's new balance day. .... [more] 20 Aug, 2003
McDonald's axes jobs as finance moves offshore. Fast food giant McDonald's has axed some of its IT team as the company pulls its financial reporting functions out of New Zealand as part of a "regionalisation" of the company. .... [more] 18 Aug, 2003
Renown Franchises On Show. This weekend's Business Opportunities & Franchise Expo in Auckland is the year's largest event of its kind. .... [more] 12 Aug, 2003
Govt moves to put real estate house in order. A review of the laws governing real estate agents could bring stronger regulation - but those who work in real estate are keen to make sure it does not. .... [more] 11 Aug, 2003
Digital photo idea develops. A trio of twenty-somethings launched their SwiftPix Digital Photo Kiosk in March this year and are now exploring franchising with hopes to expand into Australia. .... [more] 7 Aug, 2003
RELATED - Rules For Real Estate Agents Examined. The Government is calling for public submissions on the licensing rules for real estate agents and salespeople. .... [more] 6 Aug, 2003
Kiwibank Home Loan Scheme Effective. Kiwibank's government-backed home loans could make a dent in state house waiting lists. .... [more] 2 Aug, 2003
Mortgage man driven by a strong work ethic. It's 9am Saturday and Mike Pero, Pacific Businessperson of the Year and managing director of Mike Pero Mortgages, is on his treadmill. .... [more] 30 Jul, 2003
Vending firm nibbles into US. Auckland-based Vending Technologies has signed its first unconditional master franchise agreement in California, worth more than US$1 million. .... [more] 29 Jul, 2003
Strangled by red tape. Smaller businesses are the worst hit by Government red tape, according to a survey by the Auckland Chamber of Commerce. .... [more] 28 Jul, 2003
Kiwibank fighting fit and eyeing lucrative business banking. Spurred on by strong customer growth and a cash injection from its parent, Kiwibank is eyeing an entry into lucrative business banking. .... [more] 24 Jul, 2003
Approval for VTL vending machine deal. Shareholders of Vending Technology have voted to buy the company that owns its vending machines. .... [more] 24 Jul, 2003
Kiwibank capital injection signals move to bigger league. Kiwibank owner, NZ Post, announced a $40 million capital injection today, signalling a move by the state bank to a bigger league. .... [more] 23 Jul, 2003
Cleaning Up Our Franchising Act. Franchise Association of New Zealand vice-chairman Miles Agmen-Smith rejected a recent claim that it may be only a matter of time before the government moves to regulate franchising. .... [more] 17 Jul, 2003
Domino's Pizza lands in New Zealand, ignites price war. Pizza wars have broken out in Johnsonville between Pizza Hut, Pizza Haven and Domino's Pizza, which entered the market on July 5. .... [more] 17 Jul, 2003
Fudge & Cricket The Cairns Connection. Fudge and cricket aren't normally synonymous but with the launch of Cairns Fudge the two blend sweetly together. .... [more] 17 Jul, 2003
Mowing franchise founder hits back. Green Acres founder Adrian Kenny has denied claims from his former business partners that he used intellectual property gleaned from his old business to set up a rival operation. .... [more] 11 Jul, 2003
Turf war disturbing lawn mowers. A legal spat is brewing between the owners of the country's largest franchise network, Green Acres, and their former partner, who has set up a rival operation within weeks of selling out of the business he founded. .... [more] 10 Jul, 2003
Home Service Franchises Grow. With more than 2000 home service franchisees operating in NZ, the sector is one of the most visible parts of a booming franchise market. .... [more] 10 Jul, 2003
Plenty of pie to go around. Two Auckland businessmen have set up a small business aiming to get other people into small businesses. Pie shops to be exact. .... [more] 4 Jul, 2003
One-stop shop for business. The Government is launching a one-stop website portal so businesses can access important regulatory information. .... [more] 2 Jul, 2003
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