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 NEW ZEALAND
FRANCHISE NEWS ARCHIVE
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: : Jul - Dec 2005
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Mike Pero directors urge shareholders to reject takeover offer.
Mike Pero Mortgages' independent directors are urging shareholders
not to accept an unconditional 82c a share takeover offer from New
Zealand Finance Holdings. .... [more]
16 Dec, 2005
Pizza Hut flattens Restaurant Brands' Q3 sales. Restaurant
Brands today reported flat same-store sales for the third quarter,
with higher sales at KFC and Starbucks offset by softer sales at Pizza
Hut. .... [more]
14 Dec, 2005
Lotto fraudster fined after $30,000 rip-off. Former
Lotto franchisee Vijay Navin Patel's number is up after he was fined
$7000 for defrauding a Lotto winner of more than $30,000. .... [more]
14 Dec, 2005
Pero halves stake in bid-target company. Mike Pero has
halved his stake in the mortgage broking company that bears his name
- selling 750,000 shares to leave him with a 3 per cent stake. ....
[more]
30 Nov, 2005
Mike Pero directors advise shareholders to hold fire on offer.
Mike Pero Mortgages' committee of independent directors are
advising shareholders not to accept a takeover offer from New Zealand
Finance Holdings until they have received. .... [more]
25 Nov, 2005
Dick Smith's expanding store numbers. Retailer Dick
Smith Electronics (NZ) has grown its store numbers by about 10 per
cent in the last four months, to 59 outlets. .... [more]
24 Nov, 2005
World first for Starbucks as staff at 10 cafes strike.
A small-scale "symbolic" strike at Starbucks coffee store
on Auckland's Karangahape Rd today heated up when workers at nine
other stores spontaneously joined the picket line. .... [more]
24 Nov, 2005
Mike Pero receives takeover notice from NZF. Mike Pero
Mortgages yesterday received a Takeover Notice from New Zealand Finance
Holdings (NZF), following Friday's agreement for NZF to buy all of
its controlling shareholder Gould Holdings' (GHL) shares. .... [more]
22 Nov, 2005
Starbucks staff plan historic strike. Staff at Starbucks
coffee stores in Auckland will stop work today in what is claimed
to be a world first for the multinational company. .... [more]
23 Nov, 2005
RELATED: Big hopes for small business minister. As new
minister for small business Lianne Dalziel wants to create an open
relationship between business and government. .... [more]
21 Nov, 2005
Gould in Pero deal with NZF. The controlling shareholder
in Mike Pero Mortgages has agreed to sell his shares to New Zealand
Finance Holdings as it seeks to take over the company. .... [more]
19 Nov, 2005
NZ finance launches takeover of Mike Pero. The controlling
shareholder in Mike Pero Mortgages Limited has agreed to sell his
shares to New Zealand Finance Holdings Limited as it seeks to take
over the company. .... [more]
18 Nov, 2005
Disgraced lotto franchisee was "a rogue".
A Kapiti coast Lotto franchisee charged over a scam involving a winning
ticket has been described as a rogue operator. .... [more]
15 Nov, 2005
Customers happy with KiwiBank, TSB. State-owned industry
fledgling KiwiBank has helped drive a significant increase in overall
customer satisfaction across the entire sector, a survey shows today.
.... [more]
14 Nov, 2005
Court appearances for Easter trading. Three Wanaka retailers
pleading not guilty to illegal trading at Easter this year, are appearing
in the Queenstown District Court today. .... [more]
14 Nov, 2005
Business mentor: Franchising? Do your homework first.
How can I gauge whether I can run my business successfully as a franchise
and what do I need to do to get started? .... [more]
11 Nov, 2005
Businesses crying out for franchisees. Reputable franchise
businesses are good opportunities for those made redundant, those
looking to enter self employment, or those who want a lifestyle change
for health or family reasons. .... [more]
9 Nov, 2005
Share price frustrates Mike Pero chief. Mike Pero Mortgages
can do little more to inject life into its lacklustre share price,
the company says. .... [more]
3 Nov, 2005
Branching out into insurance. Mike Pero Mortgages is
close to opening its long-awaited insurance offshoot, with the launch
expected at next month's annual meeting. .... [more]
24 Oct, 2005
Mike Pero mortgages close to insurance spin-off. Mike
Pero Mortgages is close to opening its long-awaited insurance offshoot
which is expected to be launched at next month's annual meeting. ....
[more]
22 Oct, 2005
Hellaby first to feel sales squeeze. Hellaby Holdings
shares are tumbling after it forecast a 15 per cent fall in profit
for 2006 after a downturn of sales in three of its retail chains.
.... [more]
21 Oct, 2005
Aust's Coffee Club to open NZ store. Australia's biggest
locally-owned coffee chain, The Coffee Club, is to open its first
New Zealand store next month, at the Westfield Queensgate centre in
Lower Hutt. .... [more]
18 Oct, 2005
Restaurant Brands: Profits decline at half year. Even
before writing off $2.9 million of the goodwill associated with its
Pizza Hut Victoria purchase, Restaurant Brands turned in a half year
that was down slightly on profits. .... [more]
13 Oct, 2005
Restaurant Brands dives as takeover abandoned. Restaurant
Brands shares have suffered their biggest decline in seven years after
suitor CVC Asia Pacific abandoned takeover plans. .... [more]
12 Oct, 2005
Gullivers Travels to UK market. Travel agency Gullivers
Travel Group has spread its wings and moved offshore with the $23
million purchase of UK travel company Pacific International. ....
[more]
4 Oct, 2005
Mad Dogs pubs founder banned until 2009. The deputy
registrar of companies, Guy Caro, has banned the founder of pub chain
Mad Dogs & Englishmen from being in business until 2009. ....
[more]
3 Oct, 2005
Auckland retail outfit has the right stuff. If Michael
Todd has his way there will be Computer Stuff stores dotted around
the country in a few years’ time. .... [more]
30 Sep, 2005
Mixed Franchising Response. Earlier this year, a new
lobby group called the New Zealand Fair Trading Coalition prepared
a briefing paper to Government seeking reform particularly in the
areas of unconscionable conduct, franchise law, codes of practice
and collective bargaining. .... [more]
29 Sep, 2005
Small businesses 'winging it'. Small businesses in New
Zealand are 'winging it' on key matters like annual budgets, according
to international business coaching franchise operation, Action International.
.... [more]
26 Sep, 2005
There's plenty of room for hotel chain. The InterContinental
Hotel chain is eyeing New Zealand as a growth prospect. .... [more]
23 Sep, 2005
Bumper Year For Franchisers. Entry into last year's
New Zealand Franchise Awards has proven beneficial for the 2004 franchise
award winners who have seen increased growth and profitability since
receiving their accolades last November. .... [more]
22 Sep, 2005
Kiwibank delivers on profit promise. State-owned Kiwibank
today delivered on a promise to be in the black within three years,
reporting a maiden full year profit of $7.2 million. .... [more]
20 Sep, 2005
TSB opens Wellington branch. TSB Bank managing director
Kevin Rimmington and Wellington service centre manager Lynne Russell
have opened the Taranaki-based bank's first Wellington branch. ....
[more]
19 Sep, 2005
INTEREST: Election headache for business. Businesses
are dismayed at the prospect of weeks of uncertainty springing from
the close election result, followed by the forming of a lame duck
government. .... [more]
19 Sep, 2005
INTEREST: NZ most business-friendly economy - World Bank.
New Zealand has again topped a World Bank survey of business-friendly
countries. The bank rated 155 economies in January last year and confirmed
New Zealand was the easiest place to do business. .... [more]
14 Sep, 2005
Hooters Free To Hire On Looks. Hooters will be able
to pick and choose when it sets up shop here, according to an employment
expert. .... [more]
8 Sep, 2005
Hooters to open restaurants in New Zealand. An American
restaurant and bar chain, famous for its scantily clad women staff,
is planning to expand into major New Zealand cities next year. ....
[more]
7 Sep, 2005
Liquorland evolves from vouchers to gift cards. Gift
cards are huge in the US yet only just appearing on NZ retailer radars.
Early local adopter Liquorland - which had been soldiering on with
an unwieldy paper-based gift voucher system for years - has been amazed
at the customer reaction. .... [more]
6 Sep, 2005
Annah Stretton top NZ consumer award winner. Annah Stretton
has been recognised as a leader in the high fashion industry even
before the top 2005 NZ entrepreneur winner has been announced. ....
[more]
1 Sep, 2005
Pero claims solid share of mortgages. Listed mortgage
broking business Mike Pero says it has a 9 per cent share of the $13.9
billion residential mortgage sector. .... [more]
31 Aug, 2005
Growing Gen-i makes Computerland vanish. Gen-i boss
Chris Quin says the Telecom IT services arm aims to grow its revenues
about 12 per cent this year, matching growth in the year to June when
revenues climbed to $321 million. .... [more]
22 Aug, 2005
Talks continue over Pizza Hut, Starbucks, KFC takeover.
Fast food operator Restaurant Brands remains in discussion with private
equity firm CVC Asia Pacific Limited regarding a takeover. .... [more]
20 Aug, 2005
Paper Plus buys NZ Post chain. Paper Plus has put more
distance between itself and arch-rival Whitcoulls with the takeover
of New Zealand Post's Books & More chain. .... [more]
17 Aug, 2005
Pero shares dip after commission review. Shares in Mike
Pero Mortgages dropped about 5 per cent after Westpac became the latest
bank to review its commission payments to brokers. .... [more]
16 Aug, 2005
Drive through coffee chain looks at NZ. Caffeine addicts
will be able to get a fix without leaving their cars if a planned
chain of "drive-thru" coffee stores opens in New Zealand.
.... [more]
14 Aug, 2005
Australia's Top Franchise Tests The Waters In NZ. PoolWerx
has identified New Zealand as the platform for offshore expansions
plans and will be in Auckland today (12 August) to test the waters
with interested local investors. .... [more]
12 Aug, 2005
High-level Harvey Norman move to make room. Harvey Norman
is on the way up.
The furniture retailer plans to build multi-storey stores as it struggles
to find sites big enough for its large format showrooms. .... [more]
7 Aug, 2005
Boss bought own courier franchise. Dennis Paxie liked
working for Fastway Couriers so much he bought the Napier franchise
for an undisclosed sum. .... [more]
3 Aug, 2005
Duo give Kiwis the sheets. Homewares franchise holySheet!
will roll-out up to 10 shops in Australia's "third-largest state"
- New Zealand. .... [more]
30 Jul, 2005
Pizza Man named NZ Marketer of the Year. A cold Auckland
evening was warmed by the fires of Hell for the country’s top
marketer last night, when Callum Davies, the founder of Hell Pizza,
was announced the FCB New Zealand Marketer of the Year for 2005. ....
[more]
29 Jul, 2005
NZ Firm Launches Global Franchising Newswire. FranchiseWire.com,
a dedicated global franchise press release newswire and distribution
service was launched by New Zealand firm Franchisefind Ltd, owned
by Dr Callum Floyd in May 2005. .... [more]
26 Jul, 2005
VTL far from a cash machine. Last month's profit warning
from VTL Group (formerly known as Vending Technologies) was another
major blow to shareholders. .... [more]
16 Jul, 2005
New offer from CVC in wings. Restaurant Brands says
a takeover offer planned by CVC Asia Pacific will not meet the deadline
set by the country's securities law. .... [more]
14 Jul, 2005
Computerland brand uncertain. Telecom is not yet revealing
its plans with the Computerland brand as it continues to integrate
the company with Gen-i. .... [more]
8 Jul, 2005
Life Pharmacy trims forecasts. Life Pharmacy Ltd today
said it expected its net profit after tax for the March 2006 year
would be $2.08 million – down from the $2.5 million previously
indicated. .... [more]
5 Jul, 2005
Pizza Hut tackles gourmet market. Pizza Hut is today
launching a gourmet range of pizzas that it hopes will give it the
edge over rival Domino's as competition in the sector hots up. ....
[more]
4 Jul, 2005
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