New Zealand’s publicly traded skincare company, Me Today, is adjusting its earnings forecast upwards, spurred by promising growth and robust global prospects. Boosting Revenue and Slowing EBITDA Decline In advance of the company’s forthcoming disclosure of…
Air New Zealand is set to inaugurate a regular direct service connecting Singapore to Christchurch in New Zealand’s South Island from October 28. The airline has already started selling tickets for this service, which will operate thrice weekly. During the…
New Zealand’s ruby-red kiwifruit has made its debut in Vietnam through formal imports, attracting high demand despite its price tag of approximately VND350,000 (US$13.29) per kilogram, which is 20% higher than the cost of gold kiwifruit. Retailers have been…
Fonterra, the New Zealand-based co-operative, has announced that it is on the cusp of finalising the sale of its Mainland consumer business. As of now, the deal has met all the necessary conditions and is set to conclude within the current month. Regulatory…
The New Zealand-based food retail chain, Farro Fresh, has announced plans to launch its eighth store in Newmarket later this year. The new store will be located at 480 Broadway, a site formerly occupied by Liquorland. Store Details Farro Newmarket is expected…
A New Zealand-based startup, Incrediballs, is set to introduce a tablet-based beverage product, with the aim of minimizing plastic usage in the beverage industry. The product represents the commercial exploitation of a research endeavor that spanned seven…
Woolworths, a prominent supermarket chain, has recently been cautioned about potentially violating the Grocery Industry Competition Act. This situation arose due to the delisting of certain products in its New Zealand branches. Grocery Industry Competition…
After nearly three decades of operation, the Cape Grim Water Company has fallen into administration. Jason Tang and Ozem Kassem from KPT Restructuring have been assigned as administrators for the company. The water bottling business was established in 1998.…
Cattle farmers in New Zealand have been given a much-needed boost as the Global Dairy Trade (GDT) announced a rise in pricing in its most recent index. On the 6th of January, the GDT conducted its latest auction, which resulted in dairy prices experiencing a…
A trio of Asian supermarkets and retail stores operating in New Zealand – Acecco, Miniso, and Yoyoso – have recently entered into liquidation. The operating company, ANCZ Limited, owes over $6 million (US$3.5 million). Details of the Liquidation On December…
Hewlett Packard Enterprise (HPE) recently declared that Spark NZ, a leading telecom company in New Zealand, has embarked on a series of substantial infrastructure transformations. Undertaken in conjunction with HPE, these projects aim to provide rapid and…
Free AF, a New Zealand-based company specializing in non-alcoholic beverages, has made its debut in the UK market. Their range of ready-to-drink (RTD) cocktails is now available to consumers across the country in Morrisons retail locations and online. Product…
Emma & Tom’s, the health-focused beverage company, has expanded its product offerings by launching the Old Fashioned Lemonades range in Australia and New Zealand. The newly introduced range includes Classic Lemon and Pink Lemonade flavors, and is now…
Fulfil, a protein and vitamin bar brand owned by Ferrero, has broadened its market reach by launching in New Zealand. This expansion comes as part of the brand’s global growth strategy, with the products now available in Chemist Warehouse stores and for…
Over the past year, food prices in New Zealand have witnessed a substantial rise of 4.7%, an increase from the 4.1% rise recorded in September, as reported by Stats NZ. Significant Rise in Grocery Prices The hike in food prices has been particularly…
Woolworths New Zealand recently honoured its partners and innovators in the food and grocery industry, handing out 20 awards at its annual Supplier Awards event at the Auckland War Memorial Museum. GrapeCo and Mondelēz were the illustrious recipients of the…
Weekly Briefing
One email a week: the retail stories, numbers and moves that mattered across Asia. Nothing else, and you can unsubscribe in one click.