Allan Gray and ACC increase their stakes in KMD Brands

Allan Gray and ACC increase their stakes in KMD Brands
Allan Gray managing director Simon Mawhinney told BusinessDesk the current price rewards investors. (Image: NZME)
Gregor Thompson
Self-titled “contrarian” fund manager Allan Gray has upped its stake in KMD Brands in what was likely a $24 million block sale last week.Of the 50.5m KMD Brands shares traded on Oct 10, many were bought by the Australian wing of South African investment firm Allan Gray.On Oct 11, Allan Gray Australia declared it had bought 11.5m shares since June, bringing its holding up 1.6 percentage points to 17.8%. Allan Gray managing director Simon Mawhinney told BusinessDesk the current price, which has hovered around 50c since mid-S...

More Retail

Cooks Coffee flags ‘material uncertainty’
Retail

Cooks Coffee flags ‘material uncertainty’

Executive chair Keith Jackson says the firm is not concerned. 

Leaner picture for 3M without masks
Retail

Leaner picture for 3M without masks

Annual results show a 61% drop in revenue in two years.

Firm wants to make purchasing cannabis super easy
Retail

Firm wants to make purchasing cannabis super easy

Verano invites shoppers to grab a basket and get their pot direct off the shelf.

Bloomberg 29 Jun 2025
Consumer confidence ticks up in June
Retail

Consumer confidence ticks up in June

The ANZ-Roy Morgan Consumer Confidence index lifted 6 points to 98.8 in June.The future conditions index – made up of forward-looking questions – rose 8 points to 104.8, recovering last month’s fall. The current conditions index rose 3 points to 89.8.Perceptions of current person...

Staff reporters 27 Jun 2025