Events around the country 18th February 2024
The Franchise Association of New Zealand (FANZ) organises regular events all round the country to encourage all those with an interest in franchising to get together, learn more about the issues involved and share ideas and experiences. A number of other specialists also hold franchising seminars and workshops in person and online. Our events page includes a list of upcoming events with links for details and registration.
How to reduce risk when buying a franchise 15th February 2024
Outlook improves for NZ franchisors, franchisees 14th February 2024
14 February 2024 – New Zealand franchising enters 2024 more optimistic than 2023 despite some economic headwinds and challenges
Business sales predicted to increase in 2024 12th February 2024
February 2024 – Demand for businesses is expected to grow after election year wobbles
Economists forecast better growth, lower inflation 1st February 2024
2 February 2024 – Respected economic consultancy Infometrics is forecasting an improved economic outlook for New Zealand, with better GDP growth and inflation coming under control sooner than previously forecast
Godfreys franchisees to keep trading as company enters administration 30th January 2024
Vacuum and cleaning retailer Godfreys Group has appointed voluntary administrators amid a struggle with profitability and sales. The administrators will be seeking to sell the business and its assets as a going concern.
Godfreys was established in Australia in 1931 and is one of the world’s largest vacuum retailers and suppliers of specialty commercial floor care and associated cleaning products in New Zealand and Australia. The administrators, PwC, said Godfreys operates 141 stores and employs more than 600 staff across Australia and New Zealand. It also has an additional 28 stores run by franchisees. In New Zealand, there are 16 company-operated and 9 franchised stores.
During the administration period, the Godfreys business will continue to trade while PwC undertakes an operational restructure and sale process.
Franchise New Zealand media changes hands 24th January 2024
24 January 2024 – Franchise New Zealand has joined forces with Eden Exchange to take its multi-media platforms into a new era
Business confidence on the rise 23rd January 2024
Recent reports suggest that business confidence is on the rise again following the formation of the coalition Government late last year. A Radio New Zealand report said that ANZ's December monthly survey showed a net 33 percent of respondents expected the overall economy to improve over the next 12 months, the highest since March 2015. A net 29 percent said their own business outlook was positive, a two-year high.
Meanwhile, the New Zealand Institute of Economic Research’s Quarterly Survey of Business Opinion suggested that business confidence rose sharply in the final three months of 2023 despite concerns over the sluggish economy.
At the same time, annual inflation fell in line with economists’ expectations to 4.7 percent in the final three months of 2023, down from 5.6 percent in the previous quarter.
The annual Franchise Confidence Index, which measures the responses of franchisors and specialist service providers, is due to be published in a few weeks' time.
Survey of Franchising 2024 starts soon 23rd January 2024
24 January 2024 – Franchisors asked to help the Massey University researchers next month to get the next Survey under way
Mitre 10 changes culturally insensitive product names 23rd January 2024
Mitre 10 is changing the names of some bathroom products because they are culturally insensitive.
Mitre 10's imported 'Legacy' brand was using te reo Māori lake and river names for items such as toilet seats, toilet roll holders, robe hooks, grab rails and towel rails. The names, apparently used for five years, have now been covered with stickers using English language versions until current stock is sold.
Trialling new staff to get easier 23rd January 2024
January 2024 – Return of 90-day trial periods a welcome development for small business
Pioneering NZ master franchise up for sale 22nd January 2024
23 January 2024 – Plant-based fast food chain Lord of the Fries is looking for a new master franchisee to drive growth
Domino's appoints new GM for New Zealand 15th January 2024
16 January 2023 – The pizza giant promotes from within as it plans more growth on this side of the Tasman
Customers flock to McDonald's new retro drinks brand 11th December 2023
Long queues have formed outside the first branch of new McDonald's concept brand CosMc's in Chicago - but will the new retro-themed, drinks-focused brand have staying power?
CosMc's yellow-and-purple design is meant to evoke nostalgia for the brand's past and is named after a strange and obscure company mascot - a cheeseburger-obsessed orange alien with six arms that featured in McDonald's advertising starting in the 1980s.
The menu is slightly more up to date. It includes breakfast sandwiches with slight uplifts - one comes with avocado and tomatillo along with egg and sausage - desserts such as filled donut-like pastries called McPops, and snacks including pretzel bites.
The real focus, however, is a long list of drinks that involve various permutations of caffeine, sugar and colours designed to pop on Instagram. They have names like Churro Frappe, S'Mores Cold Brew, Tumeric Spiced Latte and Tropical Spiceaide - a sweet lemonade with a slight kick and red fruits bobbing along the top. The drinks can be customised with various syrups, flavours, vitamin shots and boba - chewy, trendy tapioca pearls.
The spirit of Christmas is back at The Coffee Club 4th December 2023
December 2023 - KidsCan and The Coffee Club proudly unveil the young winners of this year’s Christmas Cup Artwork Competition
Rodney Wayne enters Franchise Hall of Fame 22nd November 2023
Rodney Wayne, the visionary founder of Rodney Wayne Hair Salons, has been officially inducted into the Franchise Hall of Fame.
Top franchisor speaks out on immigration 20th November 2023
21 November 2023 - Veteran Kiwi franchisor Rodney Wayne has again sparked debate about migration and skills shortages after saying that the past 12 months have been the toughest in the 53 years he has been in the hairdressing business.
He said under the accredited employer visa scheme, his salons had to pay about $2000 each time someone from offshore was brought over.
Franchisees had to pay more under the scheme than stand-alone businesses, he said.
See our long read - Why are visa changes costing franchisee employers more? A proposed review of the policy has already been delayed for at least a year.
Franchise Awards 2023 RESULTS 11th November 2023
<small>NZ Franchise Awards 2023 Results</small><br>BATTLE OF THE BRANDS 11th November 2023
11 November 2023 – This year’s Westpac New Zealand Franchise Awards were among the most hotly-contested ever, and it was fitting that there were two new names on the Supreme trophies from franchise brands that had never stood on the top step before
Australia proposes licensing franchisors 5th November 2023
6 November 2023 – Australia already has one of the most regulated franchise sectors in the world. Now the ACCC wants to introduce a licensing system which could strip the right to grant new franchises from franchisors
Economic outlook – where do we go from here? 30th October 2023
31 October 2023 – The latest Westpac Economic Overview looks at prospects for New Zealand in the wake of the election and comes up with a mixed bag
McDonald’s encourages people to ‘drop in for a chat’ 17th October 2023
18 October 2023 – McDonald’s is repeating last year's successful hiring day under a new name as it seeks more staff
Shape your business for financial sustainability 17th October 2023
She's baaa-ck! Thieves make ewe-turn on stolen sheep 17th October 2023
The giant sheep sculpture stolen from franchise lawyer Stewart Germann has turned up abandoned in a garden further down the street. See original story (and more puns) at https://franchise.co.nz/articles/3720-shear-nerve-franchise-lawyer-fleeced-in-ram-raid/
Franchise Lending Summit for Auckland 16th October 2023
17 October 2023 – The first Franchise Lending Summit in New Zealand is taking place in Auckland on Friday 10 November
Shear nerve - franchise lawyer fleeced in ram raid 12th October 2023
13 October 2023 – A giant sheep sculpture has been stolen from the garden of lawyer Stewart Germann
JOB SPOT – franchise veteran looking for work 12th October 2023
11 October 2023 – A well-established franchise executive is available to help franchisors on a contract basis
Field management training - November dates 6th October 2023
6 October 2023 - Dates have been released of the latest round of field management training programmes for franchises operating in New Zealand
2023 Franchise Awards finalists named 25th September 2023
25 September 2023 – The Westpac New Zealand Franchise Awards name the best performers in the business. This year’s finalists are …
Seminar on dealing with media threats 21st September 2023
In our latest magazine, we look at how franchisors and franchisees can suffer if they don't respond fast and well to bad news stories on social media or when questioned by journalists. There have been some real horror stories involving NZ franchise brands recently. A half-day seminar with media expert Pete Burdon on 12 October will show franchisor teams how to deal with news threats on professional and social media, including simulating an actual event. See more details here.
Good businesses in high demand 19th September 2023
20 September 2023 – The latest newsletter from business brokers ABC suggests that good business opportunities are in high demand thanks to record immigration
Free seminar – how to recruit quality franchisees 17th September 2023
September 2023 – Franchise Lab is presenting a free online seminar designed for franchisor executives on Friday 22 September
Lawn & garden franchise goes electric 13th September 2023
13 September 2023 – Green Acres has partnered with Stihl to launch an ambitious nationwide emissions reduction programme by transitioning from petrol to battery-powered equipment
Cabin franchise takes out top hire industry award 11th September 2023
September 2023 – Cabin hire franchise Mizin has been named Hire Company of the Year at the annual awards of the Hire Industry Association of New Zealand (HIANZ).
Conference drives opportunity 11th September 2023
September 2023 – The National Franchise Conference in Christchurch fuelled discussion, change and growth for franchisors and franchisees
Franchise Association Board named 11th September 2023
September 2023 – The Franchise Association has elected an unchanged Board for 2023-2024, but there's a new Chair
Subway bought by private equity firm 24th August 2023
Cookie Time sandwiches scoop ice cream medals 21st August 2023
August 21 – Cookie Time’s new Cookie Sandwiches have taken out Gold and Silver medals in the prestigious New Zealand Ice Cream Association Awards
Franchise brands back better chicken 18th August 2023
19 August 2023 - Columbus Coffee and Mexico have joined The Coffee Club and Bird on a Wire as signatories to the Better Chicken Commitment which sets out higher welfare standards for chickens bred for meat
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