Two merino brands, one fibre, two exits: a NZ$288m trade sale and a US$4bn listing that ended at US$39m.
Startup · Topic
Fifty-five in-depth stories on how New Zealand business works: co-operatives, gentailers, iwi investors, founders and exporters, organised in eleven pillars.
Two merino brands, one fibre, two exits: a NZ$288m trade sale and a US$4bn listing that ended at US$39m.
Three legal regimes in sixteen months: 10%, 15%, 10% again and now 12.5%, with beef and kiwifruit exempt.
Signed in 2008, the deal made China the buyer of about a quarter of everything New Zealand exports.
Iwi corporations get the headlines, but most of the NZ$126bn Māori economy sits in ordinary businesses.
A NZ$170m settlement in 1998 is now a NZ$2.2bn balance sheet run for descendants not yet born.
Stephen Tindall built New Zealand’s biggest discount retailer, then spent thirty years turning its shares into start-ups and philanthropy.
Rod Drury listed Xero with almost no revenue, ran it for twelve years and then walked away to build trails and infrastructure in Queenstown.
Peter Beck never went to university, learned on a dishwasher factory floor and now runs the second most active launch company in America.
Around 200 relatives, one private company and a third of New Zealand’s gas: the Todd family is the country’s oldest big business dynasty.
Graeme Hart turned borrowed money and unglamorous businesses into a NZ$14bn fortune, and he did it almost entirely out of public view.
Two Wellington companies made Middle-earth and Pandora; a 20-25% rebate keeps the work in New Zealand.
A newsroom closed, a TV network sold for a dollar and a bargaining law left on the shelf.