Fletcher the 'useless monopoly needs to be busted'

An investment banker told BusinessDesk that a full takeover of Fletcher would be hard to pull off. (Image: Getty)

Thu, 15 Feb 2024

Fletcher Building has been labelled New Zealand’s most useless company and a monopoly that needs to be busted. Auckland University economics professor Robert MacCulloch said Fletcher Building could be the only monopoly in the world that can’t make a buck after the firm announced a $120 million loss in the six months to December 2023. MacCulloch said it was time to break up Fletcher Building and “end the dubious Fletcher legacy on this country”.On Tuesday, Simplicity founder Sam Stubbs said the firm would be mor...

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