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Retail
Lower yield and marketing efforts to flatline Delegat profits
By Victoria Young Aug. 26 (BusinessDesk) - A lower yielding vintage and a yet-to-be deployed marketing effort will hamper profit growth for Delegat Group next financial year despite an expected boost in wine sales. Delegat said following a 14 percent boost in operating net...
Retail
Comvita posts $27.7m net loss on goodwill write-downs
By Jenny Ruth Aug. 23 (BusinessDesk) - Honey products company Comvita posted a $27.7 million annual net loss after writing off $20.1 million of goodwill. The result for the 12 months ended June compares with an $8.2 million profit the previous year. The $7.6 million loss...
Retail
Cavalier announces strategic collaboration with NZ Merino Company
By Rebecca Howard Aug. 23 (BusinessDesk) - Cavalier Corp announced a "collaboration" with the New Zealand Merino company as it looks to cash in on a growing consumer trend toward natural fibres and away from synthetics. Yesterday its shares tumbled after it said it will wr...
Retail
Paymark wins bid to keep some secrets from rival
By Victoria Young Aug. 23 (BusinessDesk) - A High Court judge has ruled against an attempt by the founder of locally owned Payment Express, Andy Cullen, to peruse confidential documents relating to its competitor, French-owned Paymark's pricing and strategy as part of a “hard-...
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