Gourmet ice cream company out of flavour as sales melt; capital sought

Domestic sales of the company’s main product, G’nature gourmet ice cream, fell by nearly 100%. (Image: Getty/Supplied)

Mon, 06 Oct 2025

Annual accounts filed three months late by gourmet ice cream manufacturer Allied Faxi New Zealand Food Co paint a grim picture of escalating losses. Efforts are also afoot to either extend a loan or ask its banker (HSBC) or another lender for new working capital of around $12 million.Domestic sales of the company’s main product, G’nature gourmet ice cream, along with other dairy foods, fell by nearly 100% while exports to China fell 37.5% in the year to Dec 31, 2024.As a result, the majority Chinese-owned company, operating out of a...

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