Burger King’s whopper deal to save itself

Burger King’s whopper deal to save itself
Calibre Partners’ Brendon Gibson says the wage subsidy saved Burger King. But several outlets still closed.
Victoria Young
When Burger King went into receivership amid New Zealand’s first covid-19 lockdown, the pandemic took the initial blame.But the reality is receivers had already been talking with the company since late 2019, and owner Blackstone had been looking to sell.Calibre Partners’ Brendon Gibson, who worked with the fast-food chain to save the business through negotiating with Burger King NZ’s franchisor, banks, landlords and trade creditors, now says the business wouldn’t have survived if the country hadn’t been in lockdown...

More Retail

Michael Hill International forecasts sharply lower earnings
Retail

Michael Hill International forecasts sharply lower earnings

The middle of the forecast range is a 75% drop year-on-year. 

Gregor Thompson 19 Jul 2024
ComCom still concerned at loss of competition from Foodstuffs merger
Retail

ComCom still concerned at loss of competition from Foodstuffs merger

The regulator is seeking submissions on unresolved issues with the proposed merger.

Staff reporters 16 Jul 2024
June card spending data bleak, says economist
Retail

June card spending data bleak, says economist

Retail spending fell a seasonally adjusted 0.6% in a month to $6.4 billion.

Gregor Thompson 12 Jul 2024
Warehouse Group to cut jobs at its head office
Retail

Warehouse Group to cut jobs at its head office

The company had already indicated last month that it was looking to trim staffing.

Gregor Thompson 12 Jul 2024