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NEW ZEALAND
FRANCHISE NEWS ARCHIVE |
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: : Jan-Jun 2005
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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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