REWRITING HISTORY – and what’s to come for our economy?
posted on 20th February 201820 February 2018 - The latest Quarterly Economic Overview from Westpac deals with ‘lies, damned lies and statistics’ after Statistics NZ revised its estimates of GDP going back several years. But what's next?
Dream Doors launches US expansion
posted on 14th February 201814 February 2018 – Dream Doors has appointed its first US master franchisee and an advisory board with serious credentials
Foodstuffs to trial artificial intelligence shopping
posted on 14th February 201814 February 2018 – Shoppers at a suburban Four Square franchise will be the first in the world to trial new artificial intelligence technology that brings the checkout to the trolley
Investing in a franchise from the USA - new seminar
posted on 11th February 2018A seminar being held in Auckland on 13 March will help investors, entrepreneurs and companies looking at importing a franchise brand from the USA with unique insights
FAB Group appoints first UK General Manager for Skinsmiths
posted on 8th February 20188 February 2018 – FAB Group has announced the appointment of a UK General Manager to lead the company’s global brand, Skinsmiths, in the UK.
Genghis The Accountant
posted on 1st February 2018
Business confidence down but franchising more positive
posted on 1st February 201831 January 2018 - Concerns about business confidence are reflected in the latest Franchising Confidence Index survey, but what's really happening?
Swings and roundabouts in employment law changes
posted on 1st February 201831 January 2018 – Changes to employment law mean franchisors and franchisees need to be prepared
Record start to year for The Coffee Club
posted on 25th January 201826 January 2018 – The Coffee Club reported a 50 percent increase over its previous record sales week as the hospitality year got off to a storming start
Video helps Kiwis learn how to buy a franchise
posted on 25th January 201824 January 2017 – A new YouTube video is aimed at New Zealanders uncertain about the process of buying a franchise
Caci opens first new franchise for 2018
posted on 17th January 201816 January 2016 - Caci launches new clinic design in first franchise opening of the year
Belgian company to buy Laser franchises
posted on 12th January 2018
Belgium-based multinational vehicle glass repair business Belron has agreed to buy Australiasia's largest plumbing and electrical services franchise, Laser Group, for an undisclosed sum. Laser was founded in West Auckland by fellow electricians David Clemmett and Pete Bassett and started franchising in 1999, mostly by signing up existing electrical businesses. The company twice won the Westpac Supreme Franchise System of the Year title, in 2005 and 2006, and further expanded by developing Laser Plumbing on a similar platform. The company started franchising in Australia in 2004 and now has 239 franchisees across both countries. Pete Bassett died tragically in 2010.
Belron already owns the Smith&Smith glass business in New Zealand.
The international vehicle glass repair and replacement group, which is part of Belgium-listed D'Leteren, said it had made the acquisition through its subsidiaries O'Brien in Australia and Smith&Smith in New Zealand. The deal is subject to finalisation of a due diligence book checking exercise.
Laser Group, through its members, provides plumbing and electrical services to both business-to-customer and business-to-business customers throughout Australia and New Zealand.
Mad Butcher returns to Leitch family
posted on 20th December 2017
Veritas Investments is to sell its Mad Butcher franchisor business to chief executive and former owner Michael Morton and his partner Julie Leitch - daughter of company founder Sir Peter Leitch - for $8 million. This is less than a quarter of what Mr Morton sold it to Veritas for in a reverse listing in 2013, when Veritas paid $40 million for the business - $20 million in cash and $20 million in Veritas shares. Since then, a number of stores have closed or been taken over by the company after experiencing difficult trading conditions and stiff competition from supermarkets. The sale is subject to the approval of Veritas shareholders, which will be sought at a special shareholders' meeting to be held in early 2018.
Veritas hired Bancorp Corporate Finance to manage a sale process for the meat franchisor business and attracted three bids. Morton declared his interest in October and was excluded from board discussions on the sale.
'The independent directors fully support the proposed Mad Butcher sale transaction and recommend that shareholders vote in favour of the resolution to be put to them for the proposed Mad Butcher sale transaction at the special shareholders meeting,' chair Tim Cook said.
Semi-retired couple are NZ's top franchisees
posted on 19th December 2017
New Zealand’s top franchisees of 2017 are a semi-retired couple who believe in working smarter, not harder. They also prove that some of the best opportunities in business lie outside the big cities
New Zealand’s top franchisees are a semi-retired couple who believe in working smarter, not harder. They also prove that some of the best opportunities in business lie outside the big cities.
Listed Australian franchise under fire
posted on 19th December 201719 December 2017 - A series of articles overseas has accused one of Australia’s largest franchisors of causing multiple franchisee failures through increased charges and a challenged business model.
Follow the law on alternative holidays, says Labour Inspectorate
posted on 19th December 201719 December 2017 – Payroll calculations are continuing to catch companies out, and franchisees could be vulnerable
New technology allows deliveries at the drop of a pin
posted on 13th December 2017Domino’s Anywhere is a maps-based pin drop feature for mobile customers wanting picnic blanket pizza deliveries
2017 survey confirms NZ is the most franchised country in the world
posted on 7th December 201724 July 2017 - New Zealand has one franchised unit for every 124 people. That’s just one of many surprising statistics from the Franchising New Zealand Survey 2017, which has just been released
March visit from US franchisors
posted on 29th November 201729 November - Some top American franchises will be visiting New Zealand in March 2018 looking for local master licensees
New chapter for NZ as economic policies become clearer
posted on 22nd November 201722 November 2017 – What impact will new government policies have on the economy, and what will this mean for franchising?
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