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NEW ZEALAND FRANCHISE NEWS ARCHIVE

 
: : Jan-Jun 2005

Vending machine company VTL faces $10m loss. Vending machine group VTL is facing a loss of up to $10 million - with full-year results hammered by costs from its United States expansion. .... [more] 30 Jun, 2005
Hospital has all the juice on healthy foods strategy. Boost Juice Bars will open its first hospital outlet at the main city hospital tomorrow, offering smoothies, juices or wheatgrass shots, and supplying Starship children's hospital with the healthy fare. .... [more] 29 Jun, 2005
Cast-adrift store owners look at bid for Stirling. Stirling Sports store owners may make an offer to buy their master franchise after the unexpected collapse of negotiations with the Briscoe Group. .... [more] 26 Jun, 2005
Parore plans franchise firm. Former Black Cap Adam Parore is setting up a franchised mortgage broking business that he hopes will grow into a wider financial services group and list on the stock exchange. .... [more] 25 Jun, 2005
Eastern Hi Fi buys Wellington store. NZAX-listed importer and retailer Eastern Hi Fi said yesterday it had bought Wellington shop Absolute Audio & Vision Ltd. .... [more] 22 Jun, 2005
SME lobby group goes into battle. Swift action is needed to create a better environment for small businesses. Michael Herman asks the two main political parties what they are offering ahead of this year's election. .... [more] 21 Jun, 2005
Red Rooster on prowl for more sites in NZ. Australian chicken chain Red Rooster opened its second store in Auckland yesterday, but said a lack of suitable sites was preventing the fast-food company from spreading its wings. .... [more] 16 Jun, 2005
Aussies bid for Restaurant Brands. New Zealand's biggest fast-food operator, Restaurant Brands, has received a $160 million takeover bid from an Australian private equity fund. .... [more] 15 Jun, 2005
Briscoe opts for Rebel push. Briscoe Group will focus on "aggressively" opening more Rebel Sport stores after abandoning plans to be franchisor for the Stirling Sports chain. .... [more] 14 Jun, 2005
Restaurant Brands in takeover talks. Restaurant Brands, who operates KFC, Pizza Hut and Starbucks in New Zealand, said today it has been approached by an unnamed party about a possible takeover. .... [more] 14 Jun, 2005
Juice brand looks to raise the bar in NZ. Fashion retailer David Wright's purchase in May of the New Zealand master franchise for Boost Juice Bars is intended to kick off a 35-outlet, $15 million business. .... [more] 12 Jun, 2005
Briscoe drops Stirling idea. Briscoe Group will not proceed with plans to buy the Stirling Sports franchise after franchisees spurned the deal it offered. .... [more] 11 Jun, 2005
Chris Harris' company goes into liquidation. Cricketer Chris Harris has bailed out of his fast food franchise, leaving debts of more than $200,000 - most of which is unlikely to be repaid. .... [more] 3 Jun, 2005
Franchise Law On Agenda. The pros and cons of franchise legislation is one of the topics to be discussed at this year's National Franchise Conference at Wairakei Resort in Taupo, on June 10 to 12. .... [more] 2 Jun, 2005
Harvey Norman fined $16,000. Retailer Harvey Norman has been fined $16,000 for misleading customers into thinking their furniture repayments would be lower than they were. .... [more] 2 Jun, 2005
Makeover of KFC hurts Restaurant Brands. Restaurant Brands' efforts to make over its key KFC business and the strong dollar took some of the steam out of its first-quarter sales, but its battle to rebuild profitability remains on track. .... [more] 1 Jun, 2005
Gullivers Travel beats forecasts on all fronts. New Zealand's biggest travel agent, Gullivers Travel, has beaten its own forecasts on all key fronts in its maiden public report since listing in December. .... [more] 26 May, 2005
Kiwis say Foodstuffs will be ready for the fight. Australians think Woolworths Australia will take it to the New Zealand supermarket sector, but New Zealand experts think: "Yeah, right". .... [more] 26 May, 2005
$76,000 loss for Life Pharmacy. A backdoor listing through online cosmetics retailer Beauty Direct proved a bitter pill for Life Pharmacy with an accounting adjustment linked to the transaction leading to an inaugural loss for the combined company. .... [more] 24 May, 2005
Cone shaped pizzas for new twist on old idea. Hot mozzarella, salami and tomato are hardly the fillings you'd expect in a cone, but Auckland businessman Mark Gray is betting they will go down well in New Zealand having opened the first outlet of Kono Pizza. .... [more] 21 May, 2005
CDL Hotels chief poised to step down. One of the oldest heads of a listed company in New Zealand is understood to be finally stepping down. .... [more] 16 May, 2005
New Hell fires up for opening. Hamilton's Five Cross Roads branch of Hell Pizza was gutted in an arson attack on March 2 and reopened yesterday. .... [more] 12 May, 2005
Mad Dog merging with Domino's pizza. Fast-growing Domino's Pizza has taken a bigger portion of the New Zealand market through a merger with a Christchurch chain. .... [more] 6 May, 2005

Expansion hits Lotto outlets in the pocket. Independent Lotto retailers are lobbying the Government to intervene in a Lotteries Commission expansion push that they say will drive them out of business. .... [more] 3 May, 2005
Taxpayers top up Kiwibank with $15m. Kiwibank received another $15 million from parent New Zealand Post during the first quarter, meaning the three-year-old Government-owned bank has now received $138 million from the taxpayer. .... [more] 3 May, 2005
BNZ turns eye on small business. The Bank of New Zealand plans to rectify its admitted neglect of small business customers over the past decade by refocusing efforts to snare a bigger slice of that market. .... [more] 22 Apr, 2005
Mitre 10 turns to Africa for deal. DIY retailer Mitre 10 has struck a deal with South African hardware chain Mica to co-operate on product sourcing and exchange business information. .... [more] 21 Apr, 2005
Mike Pero tells investors not to panic. Mike Pero Mortgages has told shareholders not to panic about their investment despite reports the firm would be hurt by a reconfiguration of broker commissions from the National Bank. .... [more] 16 Apr, 2005

Mad Butcher in a league of his own. He has become to meat what Michael Hill is to jewellery, but, Peter Leitch tells Anna Jaquiery, he isn't a good businessman, just a good butcher. .... [more] 13 Apr, 2005

Mike Pero shares drop on fee changes. Mike Pero Mortgages shares dropped to a year low yesterday after the National Bank said it was cutting back on some of its broker commissions. .... [more] 13 Apr, 2005

Tisco offering new services in Auckland. Tisco - the household name for providing installation and repairs to electronic appliances - is expanding its business in the Auckland area to include computers and security services. .... [more] 11 Apr, 2005

Computerland tidy-up would open doors for Gen-i. Gen-i boss Chris Quin appears set to confirm this month that Computerland will be integrated into Gen-i to form a single business with about 1800 staff. .... [more] 11 Apr, 2005

Cendant Corp plans four new tourist resorts in NZ. The world's biggest real estate franchiser and hotel operator is poised to open four new tourist resorts here after taking over part of a Rotorua resort two months ago. .... [more] 9 Apr, 2005

Kiwi design just what the colonel ordered for KFC. The radical redesign of a KFC store here has so impressed the brand's international owner that it will be adopted worldwide. .... [more] 8 Apr, 2005

Organic baby grows up fast. Natural baby product specialist Nature Baby has been growing quietly in the heart of Auckland's organics enclave Grey Lynn for close to six years. .... [more] 8 Apr, 2005

INTEREST - Battle over Easter trading continues. Easter may have come and gone but the longstanding battle to get the Government to change its policy on Easter Sunday trading is heating up again. .... [more] 5 Apr, 2005

McDonald's quits Starship amid mixed feelings. Eight years ago McDonald's opened at Auckland's Starship Children's Hospital sparking controversy and claims it sent mixed messages to children about healthy eating. .... [more] 2 Apr, 2005

INTEREST - Retailers warn of price rises with demise of 5c coin. Retailers are warning that prices could rise because of the demise of the 5 cent coin next year, though the Reserve Bank says the change is "unlikely" to be inflationary. .... [more] 1 Apr, 2005

HR Advice For The Franchisee. Kathy Hughes comments on why human resource best practice should be seen as a valuable contributor to the growth and profitability of franchisees. .... [more] 30 Mar, 2005

136 retailers visited for illegal Easter trading. Labour Department investigators visited 136 retailers suspected of illegal Easter Sunday trading throughout New Zealand yesterday. .... [more] 28 Mar, 2005

Briscoe Group to buy Stirling Sports franchise. Briscoe Group, which runs the Rebel Sports brand in New Zealand, said today it had agreed to buy the Stirling Sports franchise and Franchise Investments Ltd. .... [more] 24 Mar, 2005

Domino's wants a bigger slice. Domino's Pizza is pushing on with its New Zealand expansion plan, regardless of whether its Australian parent decides to go public. .... [more] 21 Mar, 2005

Fast Food Isn't Bad Food - McDonald's. Restaurant chain McDonald's is urging a little more thought over calls to ban advertising of fast food during children's TV viewing times. .... [more] 18 Mar, 2005

Kiwibank and property boost NZ Post. A $6.9 million gain on selling property and Kiwibank's move into profit helped state-owned New Zealand Post almost double its half-year profit to $40 million. .... [more] 18 Mar, 2005

Pizza Hut delivers sales lift. Listed fast-food company Restaurant Brands burned off competition from Hell to report a $10.9 million increase in sales - mainly driven by local growth for its Pizza Hut business. .... [more] 11 Mar, 2005

Restaurant brands report solid result. Fast food operator Restaurant Brands today said its full year sales were up $10.9 million to $315.5 million with all divisions performing solidly. .... [more] 10 Mar, 2005

King stands by McDonald's despite outcry. Health Minister Annette King rejects claims a McDonald's-linked sponsorship of a children's dental clinic will necessarily boost consumption of burgers and sugary soft drinks. .... [more] 7 Mar, 2005

Life Pharmacy completes backdoor listing via Beauty Direct. Life Pharmacy said yesterday all conditions had been met to complete its back-door stock exchange listing via Beauty Direct. .... [more] 5 Mar, 2005

National - we'll review Kiwibank. National would review Kiwibank's future as a state-owned bank in its first term in office. .... [more] 4 Mar, 2005

Foodland spin-off could lead to listing. The potential sharemarket listing of New Zealand's second biggest supermarkets group, including the Foodtown, Woolworths and Countdown chains, moved a giant step closer yesterday. .... [more] 2 Mar, 2005

Preparation essential before franchising. So you have a successful business with a formula that seems to work, you want to grow it and you are looking at ways in which to do that. .... [more] 28 Feb, 2005

Franchisee offered pittance for million-dollar investment. A Video Ezy franchisee who invested more than $1 million in four Christchurch stores was offered as little as $1 each for them by the franchise owner when his franchise agreement ran out. .... [more] 27 Feb, 2005

VTL half year net profit rises 27pc to $2.4m. Vending machine company VTL Group said yesterday its December half year net profit rose 27 per cent to $2.38 million, boosted by the sale of VTL's 24seven franchise to its US subsidiary - All Seasons. .... [more] 26 Feb, 2005

Beauty Direct gets Medsafe nod for Life Pharmacy acquisition. Beauty Direct today received approval from Health Ministry medicines regulator Medsafe for its acquisition of 17 pharmacies, clearing the way for its market debut as New Zealand's first listed pharmacy group. .... [more] 23 Feb, 2005

Kiwibank goes into profit for first time. Kiwibank posted its maiden half-year profit yesterday and claimed targeting other banks’ mortgage customers would shelter it from a slowdown in the housing market. .... [more] 22 Feb, 2005

CDL hotel chain looks for ways to spend $100m. New Zealand's largest hotel chain, CDL, is sitting on close to $100 million of cash following last year's asset sales in Australia. .... [more] 21 Feb, 2005

Toil and fun pave the road to Hell. If you think there is only one Hell then stand corrected, because today the 32nd branch opens its doors in Hamilton. It is part of founder Callum Davies' plan for world domination. .... [more] 16 Feb, 2005

Chemist shops on line for listing. The sharemarket is set to get its first listed pharmacy group after Beauty Direct shareholders yesterday gave the all-clear to a deal to buy the Life Pharmacy chain. .... [more] 15 Feb, 2005

Paper Plus puts heat on suppliers. The Warehouse's efforts to cut suppliers' prices have had a follow-on effect - book and stationery rival Paper Plus is demanding the same deals too. .... [more] 14 Feb, 2005

McD's in a sizzle over fats. McDonald's in the US jumped from the frying pan to the fire when it tried to make its cooking oils healthier - but its New Zealand chain says it doesn't use the oils which have led to a $12 million lawsuit over artery-clogging fats. .... [more] 13 Feb, 2005

Kiwibank to woo small business. Small businesses could save thousands of dollars a year in bank fees by switching to state-owned Kiwibank, chief executive Sam Knowles says. .... [more] 11 Feb, 2005

Hell offers haven in pizza war. New Zealand pizza franchise group Hell is wooing franchisees of rival Pizza Haven after the Australian-owned restaurant chain was bought by Domino's last month. .... [more] 6 Feb, 2005

Domino's turns up heat in pizza sector. Domino's Pizza has ramped up competition in New Zealand's already tight pizza market by confirming it has signed a deal to buy Pizza Haven. .... [more] 28 Jan, 2005

Cheaper house sale fee pledged. A new real estate business promises to slash commission rates. .... [more] 19 Jan, 2005
Sky no limit for movie business. Steve Dods of the Blockbuster video chain sees plenty of mileage yet in the movie rental business. .... [more] 9 Jan, 2005
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