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Pacific Brands in talks to sell unprofitable footwear operations
By Suze Metherell Nov. 17 (BusinessDesk) - Pacific Brands, the Australian clothing and linen company, is in talks with an undisclosed buyer to sell its unprofitable footwear and sporting goods business. Responding to media reports, the Melbourne-based business confirmed it...
Sunair looks at abandoned Air NZ routes, blames airports for high fares
By Suze Metherell Nov. 17 (BusinessDesk) - Airport charges are a big part of the reason for high regional airfares, says Dan Power, the chief executive of regional airline Sunair Aviation, which is looking to pick up Air New Zealand's abandoned routes. The Tauranga-based ai...
NZ retail sales rise 1.5% in 3rd-qtr, led by supermarkets, groceries
Nov. 17 (BusinessDesk) - New Zealand retail sales rose faster than expected in the third quarter, led by supermarkets and grocery stores, suggesting consumers haven't been deterred by rising borrowing costs. The kiwi dollar rose after the figures were released. Retail sales vo...