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 NEW ZEALAND
FRANCHISE NEWS ARCHIVE
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: : Jul - Dec 2007
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Scam victims plan legal assault. Victims of an alleged $3 million-plus fake franchise scam are preparing for a "massive legal battle" as the Serious Fraud Office agrees to launch its own probe. .... [more]
30 Dec, 2007
Small Business Expo Event Going International. Small business sector specialists Sarah Trotman and Associates have taken the Small Business Expo concept overseas and are franchising the event through New Zealand's leading franchise company Franchize Consultants. .... [more]
27 Dec, 2007
Police to check $3m fraud claim. Six people who claim to have been victims of a multimillion-dollar scam involving the Green Acres franchise company will meet the Serious Fraud Office today. .... [more]
24 Dec, 2007
Green Acres boss denies knowledge of scam. The head of Green Acres insists the company knew nothing about a bogus ironing franchise scam one of its master franchisers was allegedly operating. .... [more]
24 Dec, 2007
Dozens caught in franchise fraud. Dozens of New Zealanders face a bleak Christmas after being caught up in what appears to be a multi-million dollar fraud. New Zealand's biggest franchise business, Green Acres, has gone to the police after one of its master franchisees signed up people for ironing work that does not exist. .... [more]
22 Dec, 2007
VTL business sale expected in new year. Nathans Finance receivers expect a sale of parent company VTL Group's 24seven Australasian vending franchise business in the New Year. .... [more]
19 Dec, 2007
NZ Soon To Get The Huge Taste Of Sumosalad. While we are all very familiar with American sandwich chain Subway, there's a new kid on the block in New Zealand that's taking the world by storm, and it's a lot closer to home than the US! .... [more]
17 Dec, 2007
Subway in strife for paying $5 an hour. An Auckland employer that paid its workers only $5 an hour while training may face prosecution for breaching the Minimum Wage Act. .... [more]
15 Dec, 2007
Burger Fuel loses $1.3m in three months since float. The smallest and highest profile share float of the year has emerged from its first three months with a $1.3 million loss and directors predicting it will be losing $50,000 a month for a while yet. .... [more]
13 Dec, 2007
VTL says asset sales not sufficient to repay creditors. VTL Group said today that the sale of assets by its United States subsidiary Service America would not cover repayments to creditors. .... [more]
12 Dec, 2007
Hard cheese for Pizza Hut chain. Restaurant Brands is still confident it can halt falling sales at its Pizza Hut chain despite those outlets having just recorded their biggest quarterly drop in same-store sales for a year. .... [more]
12 Dec, 2007
HoT grows Australian arm. Christchurch's House of Travel (HoT) has been spending in Australia - planning to replicate the size of its New Zealand business across the Tasman by 2012. .... [more]
11 Dec, 2007
West Auckland pawn broker ordered to repay loans. West Auckland credit provider Galistair Enterprises Limited, trading as xtraCASH Finance, has been fined $45,000 for breaching the Credit Contracts and Consumer Finance Act and the Fair Trading Act, in relation to 68 loan contracts. .... [more]
11 Dec, 2007
Fried chicken sizzling for Restaurant Brands. Restaurant Brands has reported a third quarter increase in sales of 1.9 per cent to $69.1 million, with KFC performing well as usual while Pizza Hut continues to drag. .... [more]
11 Dec, 2007
Blockbuster appoints new NZ management team. US-based Blockbuster Inc has appointed a new management team in New Zealand. Rick Wight, a former Blockbuster area senior executive for Australia/Asia, would manage and oversee the operations of the home rental entertainment business in this country. .... [more]
10 Dec, 2007
Mowing business goes at fast clip. Teachers, bank managers and police officers are giving up their careers to mow lawns. "They're generally in their 50s, and they've had enough," Paul Macfarlane , who owns the Green Acres master franchise for Canterbury, said. .... [more]
5 Dec, 2007
Expo expert plans to export concept. The organiser of New Zealand's small business expos recently went overseas to check out similar events and decided her "product" was so superior she should franchise it internationally. .... [more]
29 Nov, 2007
Sounds and Blockbuster stores reopen. Fourteen Sounds music stores and all seven Blockbuster video stores have reopened, as the voluntary administrators try to sell the business as a going concern. .... [more]
28 Nov, 2007
Masterton Sounds store will continue to trade. Sounds Masterton's phone has been ringing of the hook after Wairarapa customers heard the news that the franchise had gone $20 million into the red. .... [more]
26 Nov, 2007
Woes for Sounds, Blockbuster owner. Icon Digital Entertainment, which operates the Sounds music chain and seven Blockbuster video stores, has gone into voluntary administration. .... [more]
21 Nov, 2007
$2 shop mogul's sports car defamation suit dismissed. The Court of Appeal has dismissed $2 Shop mogul Brian Salmon's defamation case over his company's purchase of a Lamborghini sports car and ordered him to pay $12,500 costs. .... [more]
20 Nov, 2007
Kiwi to take on top Harvey Norman job in Oz. Harvey Norman will install New Zealand general manager, Luke Naish, as its new Australian computers and communications general manager following the departure of Rutland Smith next month. .... [more]
16 Nov, 2007
13th Westpac Franchise Awards Winners 2007. Mobile carpet franchise, Carpet One New Zealand, received the top franchise industry accolade for Supreme Franchise System of the year at the 13th Westpac Franchise Awards, hosted on Saturday night by the New Zealand Franchise Association. .... [more]
12 Nov, 2007
VTL shares suspended again for missing result deadline. The stock exchange has suspended the shares of VTL Group from trading from tomorrow after the technology company missed the deadline to provide its annual financial result. .... [more]
6 Nov, 2007
Chips down as shares slump. A sharp drop in the price of apartments appears to be behind the collapsing share price of Blue Chip Financial Solutions. .... [more]
4 Nov, 2007
NZX threatens VTL with new ultimatum. The Stock Exchange has told technology company VTL Group that it will be suspended again from trading, if it does not issue its preliminary full-year results by next Tuesday. .... [more]
1 Nov, 2007
Banking breach not disclosed. Documents obtained by the Sunday Star-Times reveal that VTL Group, whose subsidiary Nathans Finance collapsed into receivership in August, had serious debt problems in its American business as far back as 2005, but decided to hide them from investors. .... [more]
28 Oct, 2007
Fraud charges over franchise sale. Low returns for carpet-cleaning and water-blasting business franchises led to Commerce Commission inquiries that resulted in two men facing fraud charges at a depositions hearing in Christchurch District Court. .... [more]
24 Oct, 2007
INTEREST - Pole positions. Forget Tupperware, sex toy or lingerie parties, the latest craze for packs of girls up for a good time in the comfort of their own homes is learning to pole dance. .... [more]
21 Oct, 2007
VTL in 90pc plunge. Shares in vending machine franchise company VTL Group plunged 90 per cent yesterday after an eight-week trading halt was lifted after market close on Thursday. .... [more]
20 Oct, 2007
VTL shares are likely to be suspended again. The resumption of share trading in vending machine franchise business VTL Group will be a short-lived affair, says chairman Gary Stevens. .... [more]
19 Oct, 2007
End of road for Lamborghini case. An email over a Lamborghini sports car has sparked a lengthy courtroom battle between $2 Shop mogul Brian Salmon and a former franchise holder, likened by one top judge to "using a shotgun on a mouse". .... [more]
17 Oct, 2007
VTL's US chief resigns. Troubled vending technology company VTL said yesterday that its US-based director, John Hotchin, had resigned to pursue other US business interests. .... [more]
17 Oct, 2007
Hairdressers busy grooming team. Business owners need a different set of skills to become good franchisors. Tina Law finds out about the difficulties they face. .... [more]
15 Oct, 2007
Bowl up for designer dessert. A locally developed icecream concept, Kiwi Stone, along with its New Zealand master franchise and the ongoing operation of its pilot store in Newmarket, are being marketed by Paolo Delmonte of Affiliated Business Consultants (ABC). .... [more]
13 Oct, 2007
Macquarie Bank distances itself from Blue Chip spiel. Telemarketers working for the New Zealand business of structured residential property group Blue Chip Financial Solutions are wrongly telling people Macquarie Bank will guarantee any investment they make with the company. This is definitely not the case, says Macquarie's corporate affairs manager in Australia, Irene O'Brien. .... [more]
10 Oct, 2007
Coffee shop deal angers rivals. Hastings District Council's decision to underwrite the lease on a central-city building to ensure it became an Esquires coffee shop has gone down like a cold, weak cappuccino with other cafes. .... [more]
1 Oct, 2007
Support an essential ingredient for franchise prosperity. There is a lot to watch out for if you are thinking of buying into a franchise. .... [more]
24 Sep, 2007
Travel is next on Warehouse radar. It's where everyone gets a bargain ... and now travellers might be able to book their next holiday at The Warehouse. The retail giant is in negotiations to sell online cut-price international flights and holiday packages through big Australian airfare discounter Best Flights. .... [more]
23 Sep, 2007
Holiday Shoppes fight for freedom. Long-running claims that secret commissions are rife in New Zealand's $4.5 billion travel industry are gathering momentum, with the actions of a group of disgruntled Holiday Shoppe franchisees threatening to split apart Holiday Shoppe's wholesaler Gullivers. .... [more]
23 Sep, 2007
Real estate offices closed in probe. News that two offices of Ray White have been forced to close their doors is an isolated incident, the Real Estate Institute believes. .... [more]
23 Sep, 2007
Load up 40 videos on iPod, pay as you watch in Aust. Video Ezy is in talks with Apple over ways the companies can become partners on delivering movies to the video chain's customers electronically. .... [more]
20 Sep, 2007
KFC drives Restaurant Brands' sales boost. Restaurant Brands is reporting second quarter sales across its three New Zealand businesses up 5.8 per cent to $93.6 million. .... [more]
18 Sep, 2007
Aussie Blue Chip parent rakes off profits from New Zealand. ASX-listed Blue Chip Financial Solutions has moved to de-risk itself through franchising its New Zealand operations in a bid to contain legacy issues and turn around its poor performance. .... [more]
16 Sep, 2007
Fast-food chain confirms chief executive in role. Struggling fast-food chain Restaurant Brands has looked within its own ranks once again for a company head, yesterday appointing acting chief executive Russel Creedy to the job permanently. .... [more]
15 Sep, 2007
Franchise deal 'will improve share value'. Structured residential property group Blue Chip Financial Solutions is to put all its New Zealand operations in the hands of a franchise group. .... [more]
11 Sep, 2007
Kiwi Storage Company Franchises Operation NZ Wide. In a first-ever for a Kiwi-owned storage company, Smartbox has announced it will franchise its operation throughout New Zealand. .... [more]
9 Sep, 2007
Hell Pizza business relationship hellish. The relationship between Hell Pizza and its advertising agency has turned to hell and campaigners against the company's outrageous advertising are rejoicing. .... [more]
7 Sep, 2007
VTL 'close' to securing funds to restart trading. VTL Group - whose fully owned finance company Nathans Finance went into receivership last week - said it was close to securing new funding and should be able to restart trading from Monday. .... [more]
1 Sep, 2007
Hellaby's BBQ fish turns out to be a bad catch. Hellaby Holdings shareholders are going without a final dividend this year after the investment company took an $18.9 million hit from its BBQ Factory business. .... [more]
28 Aug, 2007
Sixth finance company set to go under. The failure of VTL Group subsidiary Nathans Finance is likely to drive Chancery Finance, another company owned by VTL Group, into liquidation. .... [more]
22 Aug, 2007
Another finance company collapses. The Stock Exchange has suspended trading in VTL Group Limited shares, as its finance company has collapsed. .... [more]
20 Aug, 2007
Franchize Consultants Announce September Franchise Field Support Training Session Date. Franchize Consultants is hosting a Franchise Field Support Training session for franchisor executives and franchise field representatives on Thursday, September 13 in Auckland, New Zealand. .... [more]
19 Aug, 2007
Finance co in spotlight over US deal. Finance company Nathans Finance, which has raised $150 million from debenture investors, is being probed by its trustee over the implications of a complex deal in America by its owner, NZX-listed VTL Group. .... [more]
19 Aug, 2007
Business executives clean up in the boardroom. Espresso Carwash Cafe, which was started three years ago by Christchurch's Damian and Debbie Curtain, is getting an increasing number of businesses holding their monthly board meetings in its specialised meeting room. .... [more]
17 Aug, 2007
$6m VTL deal abandoned. A $6 million investment in vending machine technology company VTL by two American buyers has been called off. .... [more]
15 Aug, 2007
Get the full facts when buying a franchise. Selling a franchise is easy. People love the idea of owning their own business and purchasing a franchise is the packaged, low-risk, route to this goal. .... [more]
13 Aug, 2007
Beauty company to franchise. Tracy Ahern's decision to close her home-based beauty therapy salon and open a store at Westfield Riccarton is proving worth the risk. .... [more]
10 Aug, 2007
Breakfasts bump up McDonald's sales. McDonald's breakfasts are boosting the company's global sales, with Kiwis following international patterns including healthier eating options. .... [more]
10 Aug, 2007
Signs 'not good' for Signature Homes creditors. The collapse of Wellington's Signature Homes franchise has cost the parent company "hundreds of thousands" to fix, and creditors owed more than $1 million are unlikely to get their money back. .... [more]
8 Aug, 2007
Burger Fuel investors get lesson in ways of the market. Burger Fuel investors new to the sharemarket learned a quick lesson in market dynamics yesterday when the sale of just 1000 shares took $10 million off the market value of the company. .... [more]
31 Jul, 2007
VTL confirms sale of US franchise assets. Listed vending technology company VTL Group today confirmed the sale of its US franchise assets for $US67.5 million ($NZ87 million). .... [more]
27 Jul, 2007
Burger Fuel salvages share offer. Burger Fuel will resort to franchising to pay for expansion plans after its two directors have had to shell out $2.75 million to salvage its first share offer. .... [more]
27 Jul, 2007
Pharmacy chain in 7m share issue. Life Pharmacy shareholders have voted to issue 7 million new shares to Gullivers Travel Group founder Andrew Bagnall, opening the way for him to gain control of the company. .... [more]
27 Jul, 2007
Triplejump offers global franchise. Cecilia Farrow, founder of Triplejump, an insurance advisory business based on Auckland's North Shore, has her eyes firmly set on world domination, and there's some pretty heavy money backing her to do it. .... [more]
22 Jul, 2007
Harvey Norman to expand. Consumer electronics and homeware retailer Harvey Norman, which has reported a 16.5 per cent rise in full-year sales, plans to add up to nine new stores in New Zealand during the next three to five years. .... [more]
19 Jul, 2007
Burger Fuel IPO not so appetising. Burger Fuel's initial public offering has failed to raise the minimum $8 million it needed to float on the share market but will still go ahead after its founding shareholders said they would make up the difference. .... [more]
17 Jul, 2007
Bid in for VTL group's US franchise assets. Listed vending technology company VTL Group has received an offer for its US franchise assets from Bacon Whitney Corporation, an American company owned by Halpern Denny Fund III. .... [more]
14 Jul, 2007
Franchises: Buyers beware. There is no such thing as buying your own job despite some people believing that purchasing a franchise does just that. Any financial investment involves uncertainty and becoming a franchisee bears risks as well as the potential for rewards. .... [more]
9 Jul, 2007
Home loans franchise best in NZ. A Masterton loan franchise has been recognised in New Zealand Home Loans first awards ceremony held last week in Bay of Plenty. .... [more]
6 Jul, 2007
BurgerFuel sales up 41pc. Burger chain Burger Fuel, in the throes of a $15 million IPO and NZAX listing, said yesterday that total sales had jumped 41 per cent in the June quarter compared to a year ago. .... [more]
6 Jul, 2007
Juicy franchise deal. A visiting Irish businessman liked a Queenstown couple’s juice bar so much he’s buying the Ireland franchise. .... [more]
5 Jul, 2007
Cobb & Co days over for franchisee. The iconic red bat-wing doors of one of New Zealand's largest restaurant chains have swung closed in the Waikato - at least for the moment. .... [more]
5 Jul, 2007
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