Kathmandu same store sales improve, margins decline
Kathmandu Holdings said same-store sales, those through stores owned 12 months or more, rose 1.5 percent in the 26 weeks ended Jan. 26, although margins have declined.However, Kathmandu's statement confused the reporting period by also stating it will post a 40 percent earnings b...
Multi-million dollar Zespri claim pulled
A multi-million dollar legal claim against Zespri Group has been dropped, six years after it was filed. The claim brought by Zespri’s former Chinese importer Shanghai Neuhof arose after the kiwifruit marketer and the company were busted for under-declaring customs duties between...
FMA won't be 'outgunned' despite broader remit
The Financial Markets Authority wants to work collaboratively with the investment community this year, but warned “we will not be out-gunned,” despite its wider remit. Chief executive Rob Everett outlined the markets conduct regulator's main focus for the year at a Financial Serv...
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CBL defendants plead not guilty, opt for jury trial
The two defendants facing Serious Fraud Office charges in relation to the collapse of CBL Corporation have pleaded not guilty and have opted for a jury trial. Former CBL chief executive Peter Harris - aided by a walking cane - briefly appeared in the Auckland District Court this...
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