All posts by Jenny McDonald

Cosgrave Brings Home Success from Harcourts International Awards

Bringing home yet another victory for New Zealand, Shaun Cosgrave has been placed as the eighth top sales consultant in the world in the 2016 Harcourts International Conference.

This position not only places Shaun as the top sales consultant in Harcourts in the Waikato, but it also places him as the top salesperson in New Zealand outside of Auckland and Christchurch.

This award is a nod to all the hard work he has put in over the last twenty years. In this time, he has won multiple national and international awards, including achieving the highest number of sales internationally in the company’s history. To date his career sales are over $700 million.

Shaun says there is one main thing driving his international success: listening to people.

“I think success in this business is really all about listening to people, and if you say you’re going to do something do it,” Shaun says. “There are a lot of voices out there – be one people can rely on.”

Shaun’s dedication to listening to people and helping them reach their goals is a great example of why Harcourts is such a well respectable company.

“Harcourts is a very highly-regarded and trusted company in New Zealand, and known for its commitment to a high level of customer service. That commitment results in very happy customers throughout the country who are then only too happy to recommend us to their family and friends,” says Harcourts International Managing Director Mike Green.

“That’s how our New Zealand offices generate excellent levels of repeat business and satisfied customers.”

Curated from Shaun Cosgrave

Kraft Foods to merge with HJ Heinz in US$46b deal

Kraft Foods, the owner of several of New Zealand’s favourite brands, is set to merge with HJ Heinz in a $46 billion USD deal. Heinz or Wattie’s is one of New Zealand’s oldest brands with operations dating back 91 years.

Kraft Foods already owns a plethora of much loved brands in New Zealand. From Cadbury to Vegemite, Wattie’s will be a much welcomed edition. Here is a list of all of Kraft Foods brands:

Screen shot 2015-06-14 at 2.15.42 PM

This deal has been orchestrated by Brazil’s 3G Capital and US investment guru Warren Buffett’s Berkshire Hathaway. Berkshire and 3G will invest US$10b in the new business, which will be known as Kraft Heinz Co. It will have dual headquarters in Pittsburgh and the Chicago area, with current Heinz chief executive officer Bernardo Hees staying at the helm says Stuff.co.nz.

With a iconic and long-lived brands already under it’s helm, it can be expected that Kraft Foods have many shareholders. These shareholders will receive 49 per cent of the stock in the combined entity, plus a special cash dividend of US$16.50 a share, the companies said.

Buffett and 3G, the private equity firm, previously teamed up to buy Heinz in 2013 and they cut costs, a strategy they aim to repeat with Kraft.

“3G has squeezed a lot out of Heinz and now they will do the same job at Kraft,” David Turner, an analyst at research firm Mintel, said. “When Buffett invests in a sector, it gives a sign that the sector is ripe for acquisitions. This will flag up other opportunities.”

 

Magic Memories Captures Photos and Awards

Hard work pays off for Queenstown’s Magic Memories after being awarded the Supreme award at the the International Business Awards. From humble beginnings as a fast photo service tourists on the Queensland peninsula, Magic Memories now operates at 100 tourist destinations around the world.

Judges at the awards told said the company’s focus on maintaining high quality operations at each site, while providing local teams with considerable freedom, was an important feature of the business according to Stuff.co.nz.

John Wilkstrom says the company sets itself apart by focusing on people rather than procedures. “It’s the same with going to a restaurant, if the food’s up to a certain standard it’s always the service that sets it apart and separates a great night from an average night. We don’t want people going to work thinking they’re in a photo factory, they’re in a tourism business”  he told Unlimited Magazine.

NZTE chief executive Peter Chrisp is confident in both the outcome of the awards and the potential for other New Zealand businesses. Chrisp told Stuff.co.nz, “There is no shortage of opportunities for New Zealand businesses, but the challenge is to design businesses to be relevant to the markets.”

“Magic Memories has taken the traditional model of attraction photography and shaken it up by creating a much more personal experience for users who are happy to pay a premium for a truly bespoke product. The benefits extend to Magic Memories’ partners, who also reap the rewards of that premium.”

 

SkyCity Hotel Aiming For Sky High Profits

SkyCity has caused a controversy by aiming to build a five-star hotel in the middle of Auckland. The hotel is projected to earn $20 million in additional revenues from visitors to the controversial New Zealand International Convention Centre.

However not everyone is on board with SkyCity. The Green Party has called for the New Zealand International Convention Centre (NZICC) deal to be re-evaluated. Green Party co-leader Metiria Turei said, “On one hand SkyCity put their hand out begging for more money from the public, and on the other they are also millions and millions of dollars better off than the public knew about.”

But Economic Development Minister Steven Joyce said yesterday any benefits to SkyCity from the new hotel would be properly weighed and accounted for after preliminary design plans were submitted.

SkyCity has given a total cost for the 300 room hotel at $130 million.

Heat Pump Specialist Pumping Out Awards

A local heat pump specialist has pumped out another big award. Goldstar heat pumps, installers of heat pumps in Auckland, Hamilton and Tauranga was previously named Waikato’s number one Fujitsu dealer. And now they’ve accepted an even bigger title: number one Fujitsu dealer in New Zealand.

This is no small feat for the expanding company. Fujitsu is New Zealand’s favourite air afterall. So this means Goldstar Heat Pumps is the biggest dealer of New Zealand’s favourite air – not a small feat.

What’s next for Goldstar you may be wondering? If they follow this trend then probably world domination.

Rising From the Career Graveyard

In 1988 Marty O’Halloran was banished to the place where careers go to rest – Auckland. As he packed up his belongings from DDB in Sydney, his admen colleagues showed sympathy. Auckland afterall, was considered to be the place where careers died.

Although O’Halloran doubted the move, his employers insisted that running their client McDonald’s would help with career. A quarter century later and they couldn’t be more right.

He became chief executive of DDB New Zealand in 2001. In 2005, he took over as regional group chief executive based in Sydney, overseeing DDB agencies in that city, Melbourne and Auckland.

O’Halloran told the NZ Herald successful changes were made to the DDB New Zealand agency from 2001, which involved building a full-service operation that met the different needs of clients, such as public relations and media buying.

Marty O’Halloran

Kiwis Not In An Outdoorsy Mood

It seems us Kiwi’s aren’t quite the outdoorsy kind we used to be. Outdoor products company Fishing Camping Outdoors, or FCO, is closing it’s doors for good. It’s the second outdoor products firm to leave our land in recent times, after Mountain Designs shut its New Zealand business in August.

By June, every FCO will have closed shop. All thirteen FCO stores were based in the North Island. Group managing director Peter Birtle believes Australia stands a better chance at sustaining the chain. He told Stuff.co.nz,

“Our initial approach of developing a business specifically for the New Zealand market has proven to be flawed and FCO has always battled to get the attention it required while we have been addressing challenges in our BCF (boating, camping, fishing) and Ray’s Outdoors businesses [in Australia].”

In total the chain is accepting it’s loss of $19.8 million.

Canterbury University Scores Netball Tactix Partnership

Following the 2010 and 2011 Christchurch earthquakes, The University of Canterbury lost an unfortunate 25% of it’s student population. Student numbers are still continuing to decrease. In order to rebuild, vice chancellor Rod Carr thinks a partnership with the Tactix netballers and Crusaders rugby team will help drive student recruitment.

Mr Carr says the partnerships approach is a change of direction and is supported by stakeholder research. “Partnering with these two leading participatory sports will help us begin a conversation with young people and their parents about UC and the wide range of academic options available here through schools engagement activity involving players, and match day activities,” he told the National Business Review.

NZ Dollar Not Quite As Strong As Black Caps

While the New Zealand Black Caps are on par with the Australian Cricket team, the New Zealand dollar isn’t quite as strong . While the NZD seems to be reaching parity with the AUD, Finance Minister Bill English says there is no reason for it to pass the “psychological level”.

Since around 4am on the 19th of February, the New Zealand dollar has been consistently trading above A96.5c, just below the A96.78c level set on Monday, the highest since the currency was freely floated.

Chief Economists and experts are positive about the New Zealand dollars potential to reach parity. ANZ’s New Zealand chief economist Cameron Bagrie has predicted that at some point in 2015, New Zealand will reach currency parity with Australia. The Royal Bank of Scotland’s Asia Pacific team says its possible that parity could be surpassed.  The Australian dollar could eventually buy as little as NZ95c.

Today English said he had seen the prospect of parity with Australia raised before, and while it has come to nothing so far, the prospect was looming.

“It’s been close [to parity] before and it dropped back. It’s quite a big psychological level for the market to get over so we’ll just wait and see. I’ll believe it when I see it.” He told reporters in Parliament.

Information curated from Stuff.co.nz.

Air NZ Propels Dreamliner Services Further

Air New Zealand advanced it’s Dreamliner services to China and the United States. This is in the form of daily Boeing 787-9 Dreamliner operations to China and introducing North American routes.

The 787-9 has propelled further by operating on the Auckland-Shanghai Pu Dong route from August 24 instead of from October 25. The airline currently operates Boeing 777-200ER and 787-9 aircraft on this route.

According to the National Business Review, “Air New Zealand will also operate Boeing 787-9 aircraft once a week on Sundays to the Auckland-Los Angeles route from September 27 to October 18 only. The airline has also expanded its codeshare partnership with Air Canada to destinations within the Province of British Columbia, as well as to the Province of Alberta.”

Air New Zealand isn’t just expanding it’s global flights! Today they have also delivered on their promise to offer a $29 Night Rider service to Palmerston North.