Ebos' board, managers should hang their heads in shame: NZSA

Ebos' board, managers should hang their heads in shame: NZSA
Jenny Ruth
By Jenny Ruth May 1 (BusinessDesk) - Ebos' board and managers should hang their heads in shame for cutting retail shareholders out of its discounted capital raising, which clearly wasn't urgent, says outgoing New Zealand Shareholders’ Association chair John Hawkins. The issue dilutes retail shareholders’ holdings and shows Ebos’ board and managers are “slow learners” for treating retailers so badly, Hawkins says. “The issue, which was discounted 8 percent below the market price, was a free gift to a few privileged larger organisations...

More Retail

ComCom clears Woolworths ready-meal deal
Retail

ComCom clears Woolworths ready-meal deal

The Commerce Commission granted clearance for Woolworths Group to acquire ready-meal manufacturer Beak & Johnston.Through facilities in New Zealand and Australia, Beak & Johnston (B&J) makes and supplies ready-to-eat meals under its brands to grocery retailers, wholesalers, and f...

Gregor Thompson 17 Apr 2025
Accent Group plans Sports Direct roll-out in NZ
Retail

Accent Group plans Sports Direct roll-out in NZ

With the help of London-listed Frasers Group, Accent Group will take on Rebel Sport.

Gregor Thompson 16 Apr 2025
Grocery commissioner doubles down on supermarket shake-up
Retail

Grocery commissioner doubles down on supermarket shake-up

Pierre van Heerden wants to change wholesale supply and bring in a big third player.

Garth Bray 16 Apr 2025
Flexibility is ‘core’ to drivers: Australasian Uber chief
Retail

Flexibility is ‘core’ to drivers: Australasian Uber chief

Emma Foley says drivers want to be contractors, despite the court case opposing it.

Gregor Thompson 15 Apr 2025