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NEW ZEALAND FRANCHISE NEWS ARCHIVE

 
: : Jul - Dec 2005

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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