Zealand

Fish Performance Drives New Zealand King Salmon Back to Profit as Turnaround Plan Gains Momentum

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Fish Performance Drives New Zealand King Salmon Back to Profit as Turnaround Plan Gains Momentum

A swing from loss to profit in salmon is not just a finance story. For seafood buyers, chilled protein suppliers and premium grocery planners, it points to a more stable supply outlook after a difficult production cycle. New Zealand King Salmon has moved back into the black, reporting an $11.2 million profit for the half-year … Read more

New Zealand Commerce Commission Blocks Kegstar-Konvoy Acquisition Over Major Beer Market Competition Concerns

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New Zealand Commerce Commission Blocks Kegstar-Konvoy Acquisition Over Major Beer Market Competition Concerns

When a market has only two players and one tries to buy the other, competition regulators tend to notice. New Zealand’s Commerce Commission noticed — and it said no. The commission has blocked the proposed acquisition of Kegstar New Zealand and Konvoy New Zealand, the country’s only two providers of pay-per-fill (PPF) keg services. The … Read more