Latest fromBusiness around NZ

Govt to consider break-up of supermarket duopoly, wants another big competitor in NZ
Finance Minister stresses the Government was not looking to run a supermarket chain.

Long-running social services trust in liquidation owes IRD $200k
Te Tuinga Whānau once had assets and revenue worth millions of dollars.

‘Do the mahi’: Outgoing business chief’s advice on leadership and job seeking
Hard work pays off, says outgoing Rotorua Business Chamber head.

The rise of the underground food economy
Hospitality NZ says informal food businesses are being emboldened by social media reach,.

Juicy Fest, Timeless Summer Tour companies owe more than $2.4m
One ticketholder fears the chances of a refund are 'extremely low'.

Fined 30 times in 12 months: Vehicle mechanic fears losing clients after cars ticketed
‘Ridiculous’: Wardens have been ticketing unwarranted cars in for fixing.

‘No credible indication’: Doubts over economic benefits of sand mining
Economist questions why sand mining in Northland's Bream Bay got fast-track tick.

Pumice quarry owners, land owner fined $272k for consent breaches
Paengaroa pumice quarry and landowner fined $272,000 for resource consent breaches.

Opinion: How foreign investment could reshape Māori economic future
Geothermal energy aligns with Māori aspirations and global green energy focus.

Sweet dreams become reality for home baker
Ruby Fogarty has gone from making cakes at home to owning a store in Waipukurau.

‘Brought to its knees’: Employee’s $500k theft forces business to fold
Elizabeth Donohue used the money on jewellery, gifts, debt, and holidays.

Auckland Airport CEO says more work to do in tourism
NZ has more work to do in stimulating tourism, Auckland Airport's CEO says.

‘More matcha than coffee’: How the green alternative is taking over
This potent green tea drink is overtaking coffee sales.

How local businesses believe they can outshine big brands like Freedom
Local businesses say they still have something special to offer customers.

Markets with Madison: Inside private equity
Ross George started Direct Capital 30 years ago – it's since raised hundreds of millions of dollars to buy businesses such as AS Colour, Wet & Forget & Bayleys Real Estate.

‘Flat tack’: Flower vendors gear up for Valentine’s rush
Hawke's Bay Floral Collective expects to double sales as Valentine's Day nears.

Troubled property developer wound up owing at least $4m
Twice-bankrupted Ritesh Mani's Eco-Smart Homes slides into liquidation.

New Zealand in a seller’s market as business sales rise
It's the first time the market has been seller-driven since ABC's reporting began in 2020.

iPhone added to One NZ’s Satellite TXT over Starlink lineup
More Samsung phones added. iPhone support still on the way

‘Was a hero, now it seems I’m a villain’: Businessman asked to leave flooded land a month after buying it off council
'Good on them for showing up. But there's no place for their business in Pākōwhai.'

Woolworths announces replacement for NZ director
Sally Copland comes from Masterton but has been with the Woolworths Group for 18 years.