Changes loom at Noel Leeming as Warehouse beds in acquisition, looks for synergies

Thu, 11 Apr 2013

April 11 (BusinessDesk) - Warehouse Group is preparing to gear up investment and refresh the strategy at Noel Leeming after bedding in December’s $65 million acquisition from buyout firm Gresham Private Equity. Chief executive Mark Powell acquired the appliance retailer last year at a time when Gresham had been an owner for longer than typical in a private equity investor, having led a buy-out from Eric Watson's Pacific Retail Group in 2004. Noel Leeming had been “severely cash constrained,” Powell told reporters in Wellington. “That busines...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Putin's war is a challenge to global corporate conscience
David Brain | Sat, 28 May 2022

Global businesses with strong retail brands appear the most likely to stop doing business in Russia altogether, but there are holdouts.

On the Money
ON THE MONEY: Greg Foran, Straker and Ryman Healthcare
Victoria Young | Sat, 28 May 2022

OTM this week: The PM’s US tour, Grant Robertson’s golden rules, Greg Foran and more.

Sydney firm to build NZ Police’s arms information system
Ava Bradley | Fri, 27 May 2022

The company’s software will provide a secure digital database of all firearms transactions and legally owned firearms in NZ and is estimated to bring in $13 million for the ASX-listed company.

Partner content
Small business lessons for attracting and retaining staff

Employers battling through the ‘Great Resignation’ are now faced with the ‘Great Brain Drain’.

Partner content
People leaders are key to wellbeing but still need help

One in three people say they have experienced an issue with an unsupportive manager