Yili the key to reversing Westland red ink

Yili the key to reversing Westland red ink
Richard Wyeth says things are looking up for Westland. (Image: supplied)
Rebecca Howard
Westland Dairy Company’s books are in the red, but its new chief executive is confident it’s on the right path.“The business has been obviously underperforming since about 2015, which led to the acquisition by Yili. I’ve been with the business now for 12 months and we are very much in a reset phase,” CEO Richard Wyeth told BusinessDesk. Wyeth was the founding CEO of Miraka prior to moving to Westland. Inner Mongolia Yili Industrial Group bought the cash-strapped West Coast dairy company in August 2019 for...

More Primary Sector

Co-ops last five times longer than limited liability companies - report
Primary Sector

Co-ops last five times longer than limited liability companies - report

Top 30 co-ops and mutuals made $51.9b revenue in 2024, 12.5% of GDP.

Riley Kennedy 19 Sep 2025
Without Dawn Meats, Alliance faces 'real’ threat of collapse
Primary Sector

Without Dawn Meats, Alliance faces 'real’ threat of collapse

The fate of the deal will come down to a shareholder vote next month.

Riley Kennedy 19 Sep 2025
MyFarm KiwiFruit Fund launches $35 million capital raise
Primary Sector

MyFarm KiwiFruit Fund launches $35 million capital raise

The MyFarm KiwiFruit Fund has launched a $35 million capital raise for wholesale and institutional investors, and those offshore that qualify for the Active Investor Plus visa.Units are being offered at $1.02, a 5% discount to the fund’s net asset value.The offer, which will clos...

Rebecca Howard 18 Sep 2025