Hart trims global packaging empire with US$615m sale

Hart trims global packaging empire with US$615m sale
Paul McBeth
Billionaire Graeme Hart's packaging empire just got a little smaller after Reynolds Group Holdings sold some of its North American, Costa Rican and Japanese units to investment manager Cerberus Capital Management for US$615 million. Reynolds Group has signed an agreement to sell its Closure Systems International units to Cerberus, with the deal expected to be wrapped up either later this year or early 2020. Reynolds Group will hang on to the Closure Sytems businesses in Europe, the Middle East, Egypt and South America, it said in a filing...

More Retail

Huckleberry owes $3m
Retail

Huckleberry owes $3m

Huckleberry operated three organic grocery stores in Auckland.

Gregor Thompson 11 Jun 2024
ComCom files criminal charges against Kiwibank
Finance

ComCom files criminal charges against Kiwibank

Banks must invest to get their systems right, says ComCom. 

Staff reporters 11 Jun 2024
Louis Vuitton NZ defies retail trends
Retail

Louis Vuitton NZ defies retail trends

  Louis Vuitton’s net profit margin grew to 17.7% from 15%.

Gregor Thompson 07 Jun 2024
Pursuing Supie's underwriter not economically viable: liquidators
Retail

Pursuing Supie's underwriter not economically viable: liquidators

The underwriter's pulling out forced the online grocer’s collapse.

Riley Kennedy 07 Jun 2024