Danone adds to investment in NZ infant formula with proposal to buy up to 49% of Yashili New Zealand
By Jonathan Underhill June 12 (BusinessDesk) - Danone plans to increase its investment in New Zealand infant formula manufacturing by acquiring up to 49 percent of Yashili New Zealand Dairy Co, the local unit of China Mengniu Dairy, according to a filing in Hong Kong. Terms...
Vista Group signs up Les Cinémas Pathé Gaumont for cinema software
By Jonathan Underhill June 12 (BusinessDesk) - Vista Group has signed up French cinema chain Les Cinémas Pathé Gaumont for its cinema management software which will be rolled out in 69 sites. Auckland-based Vista, which posted a 57 percent jump in profit last year, said the...
NZ dollar little changed against greenback ahead of Trump-Kim summit, central bank meetings
By Jonathan Underhill June 12 (BusinessDesk) - The New Zealand dollar was little changed ahead of today's historic meeting in Singapore between US President Donald Trump and North Korean leader Kim Jong Un that may determine the degree of tension on the Korean peninsula and n...
Frucor Suntory set for July start to court fight over tax on convertible notes, gets qualified audit
By Jonathan Underhill June 8 (BusinessDesk) - Frucor Suntory NZ, the maker of juice brands V, Just Juice and Fresh Up, says it has a July start date from the High Court for its ongoing dispute over the tax treatment of convertible notes. The New Zealand unit of Japan's Sunt...
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