Forsyth Barr takes wait-and-see approach to Briscoe Group growth initiatives

Forsyth Barr takes wait-and-see approach to Briscoe Group growth initiatives
Briscoe Group has comitted $100 million to its distribution centre. (Image: Supplied)
Gregor Thompson
Forsyth Barr analysts are applying a wait-and-see approach to Briscoe Group’s growth plans. Managing director Rod Duke and chief operations officer Andrew Scott provided details about how the firm’s $100 million investment in a distribution centre (DC) will change operations and introduced a concept for smaller “metro stores” at the annual general meeting (AGM) on Thursday.In an investor note released on Friday morning, Forsyth Barr analysts Paul Koraua and Rohan Koreman-Smit said the initiatives could contribu...

More Retail

Capital raise helps Paper Plus co-op out of jam
Retail

Capital raise helps Paper Plus co-op out of jam

The co-operative tapped members last year after it breached banking covenants.

Gregor Thompson 29 Jul 2025
Time ripe to stop forex fees confusion
Finance

Time ripe to stop forex fees confusion

Misleading 'fees free' foreign exchange deals are costing Kiwis.

Pattrick Smellie 22 Jul 2025
Warehouse reshuffles exec team
Retail

Warehouse reshuffles exec team

The Warehouse Group has reshuffled its executive team ahead of its leadership transition at the end of the month.On Friday, the retail group appointed Stefan Knight as chief financial officer. Knight will exit his role as financial director at Spark New Zealand and start on Aug 1...

Staff reporters 18 Jul 2025
Why Promisia's promised land is Cromwell
Retail Small Cap Wrap

Why Promisia's promised land is Cromwell

Plus chicken and eggs with BlackPearl, Rua goes for gold in Reefton, and more.