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 NEW ZEALAND
FRANCHISE NEWS ARCHIVE
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: : Jan-Jun 2004
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Migrant brings Bliss to feet. Going against the trend
of New Zealand companies setting up camp in China, Brian Chen is bringing
the Chinese to work in Auckland. .... [more]
25/6/04
Kiwibank seeking Government cash. Kiwibank will need
another cash injection for a foray into small business banking. ....
[more]
24/6/04
BBQ Factory turns up heat. The BBQ Factory's month-old
foray into large format stores has been so successful it is now planning
to open up to 10 megastores in the next five years, including stores
in Wellington and Christchurch. .... [more]
21/6/04
Origin Pacific to get Pero makeover. Origin Pacific's
new investors will pump millions into the airline, giving it the full
Mike Pero marketing treatment. .... [more]
18/6/04
Business Expo to return next year. Last month's Business
Expo for small and medium-sized businesses will be repeated next year
after the event was declared a success by exhibitors and the organisers.
.... [more]
18/6/04
VTL buys Dallas vending company. Auckland-based Vending
Technologies Ltd (VTL) has completed the $3.8 million purchase of
the Texan vending company Adolphs Vending Service. .... [more]
17/6/04
Takeaway hangi could be franchised. A Manawatu businessman
plans to set up a hangi franchise and is ready to give Colonel Sanders
a run for his money. .... [more]
16/6/04
Caci Group posts improved loss for year. Listed appearance
medicine company Caci Group yesterday posted a net loss of $84,000
for the year to March 31, a 95 per cent reduction of last year's $1.638
million loss. .... [more]
16/6/04
Cutting the risks with a tried and tested concept. In
New Zealand franchising appears to be the fastest-growing form of
retailing. The capital and managerial demands of business expansion
have become burdensome and franchising has become a favoured alternative.
.... [more]
11/6/04
Meet The Mad Butcher. Had his landlord not hiked the
rent in 1971, the concept of the "Mad Butcher" might never
have been born. .... [more]
10/6/04
INTEREST - Barista off to give champs his best shot at 'Coffee
Olympics'. Not only is 27-year-old Carl Sara an expert and
award-winning barista, he co-owns two Muffin Break franchises and
flies to Italy on Monday to compete in the "coffee Olympics".
.... [more]
9/6/04
Radius polishes its service via home-help stake. Less
than a year after setting up home services franchise At Your Request,
Green Acres founder Adrian Kenny has sold 40 per cent of the new business
to private health care group Radius Health. .... [more]
6/6/04
Egg hatches into maternity chain. Business runs in the
female genes of Colyn Devereux-Kay's family... she and her daughter
now run a fast-growing clothing company, Egg Maternity. .... [more]
4/6/04
McDonalds loses another link in its chain. A third McDonald's
outlet on the North Shore has closed in less than a year, but the
company says it is a one-off case. .... [more]
27/5/04
KFC spoils share price fightback. Restaurant Brands
failed to boost its share price yesterday after revealing more disappointments
with its main profit machine, fried chicken chain KFC. .... [more]
26/5/04
Fund eyes BBQ Factory. Specialist retail investor
StoreFund yesterday detailed its plans to raise up to $30 million through an initial
public offering and more than half the cash is already tagged to buy the BBQ Factory.
.... [more]
25/5/04
Pero shares dip to 94c. Shares in Mike Pero
Mortgages listed yesterday at its $1 issue price but had fallen to 94 cents by
the close of trade. .... [more]
25/5/04
Mike Pero mortgages lists on issue price. Mike
Pero Mortgages listed today at its $1 issue price. That means the company is capitalised
at $25 million. .... [more]
24/5/04
Panel bins offer for Restaurant Brands. The
Takeovers Panel has stepped in to terminate a non-compliant takeover offer for
Restaurant Brands. .... [more]
18/5/04
Laurel and Hardy at the Starbucks cafe. "It's
even more farcical than a letter from Nigeria," was one analyst's reaction
yesterday to a mysterious takeover offer for listed fast food company Restaurant
Brands. .... [more]
15/5/04
Backdoor deal closes as IPO beckons.
Green Acres has called off the backdoor listing deal it was negotiating with Selector
Group but still plans to be on the stock exchange by the end of the year. ....
[more]
12/5/04
Feel The Force. National Party leader Don Brash
will open this year's national franchise conference in Rotorua, where he will
deliver a keynote speech to delegates on the topic of 'National's priorities for
business'. .... [more]
11/5/04
Fish may fly for Restaurant Brands. New Zealand's
largest fast-food operator looks at new brands to bolster its chicken and pizza
diet. .... [more]
9/5/04
Kiwibank proving a tough act for Superbank to follow.
New Zealanders are flocking in droves to Kiwibank, which appears to be on track
to become profitable ahead of the selfimposed target of June next year. .... [more]
9/5/04
INTEREST - Easter Sunday Fight Continues. Retailers
are vowing to keep fighting for open trading on Easter Sunday after Parliament
voted 60 to 58 against the Shop Trading Hours Bill. .... [more]
6/5/04
Mad Dogs operator faces legal hurdle. The main
operating company of the hotel-restaurant chain Mad Dogs and Englishmen has been
put into liquidation for not paying a business broker's commission. .... [more]
4/5/04
Liquorland gets apps on tap. Telecom Advanced
Solutions has won a deal worth about $750,000 a year to provide voice and data
services and point-of-sale hardware and software to Liquorland's 77-store franchise
network. .... [more]
3/5/04
Pauline Hanson to visit NZ. Controversial former
One Nation leader Pauline Hanson visits New Zealand next week to promote a new
company called Mr Moss. .... [more]
30/4/04
Mike Pero deal reveals Gould's canny leverage.
South Island investor George Gould's company, Gould Holdings, has secured
a $13.5 million stake in the soon-to-be-floated Mike Pero Mortgages without shelling
out a cent of its own money. .... [more]
27/4/04
Mike Pero hits back at BNZ over ads. Mortgage
broker Mike Pero Mortgages has hit back at the BNZ over its recent advertising
campaign promoting mortgage products with "broker-free" interest rates.
.... [more]
26/4/04
Mike Pero and BNZ at war. A war of words has
broken out between mortgage broking supremo Mike Pero and BNZ over who dropped
who first. .... [more]
24/4/04
INTEREST - Maori women among most entrepreneurial.
An international study has reported that Maori women are amongst the world's most
entrepreneurial business people. .... [more]
14/4/04
25 stores defy Easter Sunday ban. After 28
businesses were reported to have breached Good Friday trading bans, a further
25 throughout the country were reported to have traded illegally yesterday. ....
[more]
12/4/04
Subway on a fast roll to success. The global
might of Subway, the sandwich fast-food giant that turns over US$7 billion a year
- was a happy accident, according to its founder, Fred DeLuca. .... [more]
8/4/04
Small is good for business. Small businesses
have continued to outstrip the economy as a whole, says the National Bank. ....
[more]
8/4/04
KFC blamed for profit drop by Restaurant Brands.
The company's problems over the past year have been largely blamed on fried chicken
chain KFC, which is the company's main profit engine. .... [more]
1/4/04
Carlos Scores A Franchise. Carlos Spencer has
appeared on plenty of magazine covers in his time, but his appearance on the latest
issue of Franchise New Zealand marks the launch of Carlos Spencer - businessman.
.... [more]
31/3/04
Restaurant Brands net profit could curry favour with
investors. Fast food firm Restaurant Brands today posted a $8.1 million
net profit for the February year, a result brokers say could curry favour with
investors. .... [more]
31/3/04
Mike Pero Mortgages looking for increase on float.
Mike Pero Mortgages is looking to raise between $7 million and $10 million in
a float on the New Zealand Exchange next month. .... [more]
27/3/04
RELATED - Tamihere hints at diluted bill. Small
Business Minister John Tamihere indicated yesterday that the Government was open
to some watering down of amendments to the Employment Relations Act. .... [more]
27/3/04
Cafe chain extends into historic Devonport hotel.
Turkish-born entrepreneur Metin Yildiz has bought the landmark Esplanade hotel
in Devonport and is bringing his Mecca cafe chain to the North Shore suburb. ....
[more]
26/3/04
Mad Butcher brings home the bacon. The man
who created the highly successful Mad Butcher franchise in New Zealand has returned
to his roots. .... [more]
22/3/04
Bayleys office in hot water with HQ. The future
of Bayleys Waikato's status as a franchise office of Bayleys Group is in doubt
after the Securities Commission found an investment offered by the Hamilton office
broke the law. .... [more]
19/3/04
Kiwibank on track for profit. Kiwibank yesterday
edged close to reporting its maiden profit and signalled that it could soon need
another cash injection to enter the business banking market. .... [more]
13/3/04
Gould to move in on Pero franchise. South Island
businessman George Gould has bought a 90 per cent stake in high-profile mortgage
brokerage business Mike Pero and signalled his interest in listing the company.
.... [more]
11/3/04
A lot more Lotto on the cards. Lotto is looking
old and tired as it loses ground in some centres. But the government-owned money-spinner
reckons it has a winning new strategy. .... [more]
7/3/04
KFC claws back same store sales in fourth quarter.
Fried chicken outlet KFC has clawed its way back from a third quarter sales slump
to post flat like-for-like sales in the February quarter. .... [more]
5/3/04
KFC same store sales again a concern to restaurant brands.
Fast food operator Restaurant Brands turned in improved February quarter sales
figures, but a lacklustre performance by its KFC unit was again evident. ....
[more]
5/3/04
Market stays sceptical of Restaurant Brands 'turnaround.'
Troubled fast-food retailer Restaurant Brands was enthusiastic about yesterday's
sales figures but the market remained sceptical. .... [more]
5/3/04
Harcourts continues trans-Tasman push. Harcourts
International has continued its trans-Tasman push by entering a joint venture
agreement with South Australia's biggest independently-owned real estate group.
.... [more]
2/3/04
Shake-up on the menu in fast-food marketing. Troubled
fast-food retailer Restaurant Brands has reshuffled its advertising agencies in
a bid to stem sliding sales. .... [more]
25/2/04
Books icon sale tipped . One of the best-known
names in retailing, Whitcoulls, is tipped to be up for sale soon. .... [more]
21/2/04
Bigger Presence. Harcourts has announced its
entry into the Western Australian market with the purchase of Roy Weston Real
Estate. .... [more]
21/2/04
Challenging year for CDL. The country's largest
hotel operator, CDL, has reported a flat full-year profit despite eking out a
small increase in revenue from its three New Zealand hotel chains. .... [more]
20/2/04
Small business exhibition space is selling fast.
A specialist business expo targeting small and medium sized enterprises (SMEs)
has secured five major sponsors and has bookings for one of three available exhibition
halls, even though the event it is planning does not open until April 29. ....
[more]
20/2/04
Vending Tech buys into Dallas. Vending Technologies
announced on Wednesday it had signed a conditional agreement to acquire a vending
business in Dallas, Texas, with an annual turnover of more than $6 million. ....
[more]
18/2/04
Rooms on the move a portable space solution.
Fed up with your teenage son moaning about never having any privacy? Help is promised
by the country's latest proposed franchise system. .... [more]
15/2/04
Franchise holder seeks fresh fields. Green
Acres, the country's largest franchise operation, is on the acquisition trail
and promising to double in size within a few years of listing next month. ....
[more]
15/2/04
Pumpkin Patch launches first store in the Middle East
at Lamcy Plaza. Pumpkin Patch, the New Zealand based children's clothing
store, recently opened its first store in the Middle East at Lamcy Plaza in Dubai.
.... [more]
9/2/04
NZ Post takes over Books & More chain. New
Zealand Post has bought the 50 per cent of franchise retailer Books & More
it does not already own from Whitcoulls' owner W.H. Smith. .... [more]
3/2/04
Hire A Hubby looks for Mums to match. Hire A
Hubby has gone and got itself hitched - to a homegrown spouse, Mobile Mums. ....
[more]
1/2/04
US Franchises Looking For Local Partners. Some
of the fastest-growing businesses out of the US are to visit New Zealand in April
as part of a trade mission aimed at finding local partners. .... [more]
23/1/04
Selector signs Greenacres deal. Selector Group
has signed a conditional sale and purchase agreement with Greenacres Franchise
Group. .... [more]
23/1/04
Global plans for car wash cafes. Matthew Ridge
has ambitious long-term plans to go global by taking his upmarket car wash cafe
business to the world – starting with the rest of New Zealand. .... [more]
22/1/04
Shop24 the doorway to Europe. Vending machine
company Vending Technologies' new European arm will be used to access export markets
for its franchise system. .... [more]
22/1/04
Payless Car Rental Expands Down Under With New Affiliate
Agreement. Payless Car Rental System, Inc. announced today an affiliate
agreement with Network Car & Truck Rentals Australia expanding the Payless
brand to Australia and New Zealand. .... [more]
20/1/04
Mitre 10 to open 20 mega stores over next three years.
Competition for a share of the growing home renovation retail market is continuing
to intensify. .... [more]
14/1/04
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