Inside US$31.5 billion Ferrero Rocher heir Giovanni Ferrero's family tragedies

A series of tragedies landed Giovanni Ferrero at the helm of Ferrero Group, the multibillion-dollar chocolate empire owned by his family for generations.But since taking over the top job in 2011, Ferrero has adopted a radical and... Source: NZ Herald Business News

By | January 18th, 2020|Business|0 Comments

Coffee roaster sells more in 24 hours than two years following bushfire campaign

When Mathew Hatcher started his own coffee roasting business in the NSW south coast town of Mossy Point two years ago he knew he would face the usual ups and downs of small business.But Christmas, with the huge influx of tourists... Source: NZ Herald Business News

By | January 18th, 2020|Business|0 Comments

Amsterdam to buy out young people's debt to give them a 'new start'

Amsterdam will reportedly buy out the debts of its young adult population to give them the opportunity to have a fresh start.A new trial project aims to curb the growth in money borrowing by young Dutch adults.A municipal credit... Source: NZ Herald Business News

By | January 17th, 2020|Business|0 Comments

How Sam Neill – and his duck Charlie – are selling New Zealand

Hollywood actor Sam Neill has made a guest appearance on Tourism New Zealand's latest marketing campaign.The 20-second video, welcoming visitors with a "Good morning from New Zealand", shows Neill wearing a Swanndri and looking... Source: NZ Herald Business News

By | January 17th, 2020|Business|0 Comments

End of the line: Which Auckland train line should you buy on?

New Lynn and Glen Innes may be the Goldilocks zones for young Auckland families because they're not too far from the city and not too expensive, new research shows.Both suburbs are less than 35 minute train rides from the city centre... Source: NZ Herald Business News

By | January 17th, 2020|Business|0 Comments

NZ shares extend strong start to 2020 as blue chips gain

New Zealand shares continued their strong start to the decade, with a raft of blue-chip stocks leading the benchmark index higher. Gentrack bounced back from its sharp sell-off in recent days.The S&P/NZX 50 Index rose 62.35 points,... Source: NZ Herald Business News

By | January 17th, 2020|Business|0 Comments

NZ dollar rises on hopes China's economy has stabilised

The New Zealand dollar rose after slightly better than expected Chinese data boosted hopes that the United States-China phase one trade deal signed earlier this week will mean the trade war will cease battering that economy.The... Source: NZ Herald Business News

By | January 17th, 2020|Business|0 Comments

Film-maker's legal 'funds running low' ahead of defamation trial with Sir Bob Jones over 'hate speech'

More money is being raised for a Kiwi film-maker's legal fund as she prepares for a courtroom showdown with Sir Bob Jones after calling for his knighthood to be revoked for "hate speech".The well-known businessman filed defamation... Source: NZ Herald Business News

By | January 17th, 2020|Business|0 Comments

The killing season: Why so many Aussie retailers have gone bust

What's going on in retail? January is supposed to bring respite.The first month of the year is not usually a big time for retail insolvencies – in fact, with Christmas spending money keeping them afloat, January is traditionally... Source: NZ Herald Business News

By | January 17th, 2020|Business|0 Comments

Karen Walker's The Department Store on Auckland's North Shore is closing after 10 years in business

Takapuna's revolving fashion retailer The Department Store is closing its doors for good after 10 years in business on Auckland's North Shore.The Department Store, an amalgamation of a handful of New Zealand retail brands, most... Source: NZ Herald Business News

By | January 17th, 2020|Business|0 Comments