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Deals

Tracksuit raises $42m with backing from US consumer investor VMG

The brand tracking platform says it’s one of the largest Series B rounds in New Zealand.

Fiona Rotherham Thu, 12 Jun 2025

Deals

Tracksuit raises $42m with backing from US consumer investor VMG

The brand tracking platform says it’s one of the largest Series B rounds in New Zealand.

Fiona Rotherham Thu, 12 Jun 2025

CricHQ shareholders in the dark about liquidation attempt

The High Court in September ordered the company behind the cricket software firm to pay close to $200,000 in damages to William Birnie and Charles Pearce.

General Business

CricHQ shareholders in the dark about liquidation attempt

The High Court in September ordered the company behind the cricket software firm to pay close to $200,000 in damages to William Birnie and Charles Pearce.

Nicholas Pointon Thu, 12 Jun 2025

The NBR Rich List

Fair Tax Coalition launches new campaign

The group says NBR’s Rich List exemplifies what’s wrong with the current tax system

The NBR Rich List

Fair Tax Coalition launches new campaign

The group says NBR’s Rich List exemplifies what’s wrong with the current tax system

Brent Edwards Thu, 12 Jun 2025

Edwards on Politics

Constructive political debate still a distant ideal

ANALYSIS: MMP has not led to a more collaborative approach that its advocates hoped for.

Edwards on Politics

Constructive political debate still a distant ideal

ANALYSIS: MMP has not led to a more collaborative approach that its advocates hoped for.

Brent Edwards Thu, 12 Jun 2025

MARKET MOVEMENTS

Click here for the 2025 Rich List

Back door listing guru joins Herbert's Empire as CEO

Investment

Product recall could leave Comvita $250k out of pocket

The NBR Rich List

Featured Newcomer: Chris Dickey

Primary Industries

Food and fibre exports expected to continue to drive recovery

The NBR Rich List

Featured Women: Dame Trelise Cooper

Morning Brew

US-China trade deal 'done'; Musk says Trump comments went too far

Deals

Tracksuit raises $42m with backing from US consumer investor VMG

Comings & Goings

Back door listing guru joins Herbert's Empire as CEO

General Business

CricHQ shareholders in the dark about liquidation attempt

The NBR Rich List

Fair Tax Coalition launches new campaign

The NBR Rich List

Featured Newcomer: Chris Dickey

Investment

Product recall could leave Comvita $250k out of pocket

Rich List 2025

Green Party reacts to Rich List with further calls for wealth tax

Hunter’s Corner

One big backward step for the market

Book Review

Corporate tax rate should be cut: Jeff Douglas

Margin Call

Aussie equities don’t deserve special place in NZ portfolios

Energy

MyFarm raising funds to build solar farms for hydrogen fuel stops

Adrian Orr quit RBNZ over funding ‘distress’

The central bank has released more details after multiple Official Information Act requests over the sudden March resignation.

Investment

Serko upgraded to ‘outperform’ by Forsyth Barr

Travel booking software company has an aspirational target of $250m income by FY30.

Investment

Paul Johnston confirmed as permanent Tower CEO

He has been acting in the role since the departure of Blair Turnbull in February.

Investment

Vital enlists Cameron Partners, Harmos Horton Lusk on takeover

Christchurch-based Tait International has until July 4 to make a formal offer.

Featured

Rich List 2025

Elevating NZ Inc: what Rich Listers would do to make us better

The country’s $100b wealth creators talk international investment, education, regulation, and taxes for NBR’s annual Rich List.

Rich List 2025

‘Open the door’: international investor adviser’s letter to PM

Anthony Morsinkhof says country is missing out on billions of investment due to foreign buyer ban.

Rich List 2025

‘Open the door’: international investor adviser’s letter to PM

Anthony Morsinkhof says country is missing out on billions of investment due to foreign buyer ban.

Primary Industries

Fieldays 2025: big business and a party in the paddock

This year's rural trade show kicks off with optimism, innovation, and a strategy based on an infamous haircut.

Primary Industries

Fieldays 2025: big business and a party in the paddock

This year's rural trade show kicks off with optimism, innovation, and a strategy based on an infamous haircut.

The NBR Rich List

Fong has several business and governance interests, including being chair of the Simplicity Foundation, founder of Re:ampd, and a strategic adviser at Advisory.Works as well as having a natural skincare business called Arné.

The NBR Rich List

Featured Women: Marisa Fong

Analysis

Underarm

Regulators to the rescue for ASX and public markets

ANALYSIS: Asic is cutting some red tape as it tries to arrest the decline in listings, while also pondering how to regulate buoyant private markets.

Lachlan Colquhoun Wed, 11 Jun 2025

Margin Call

Aussie equities don’t deserve special place in NZ portfolios

ANALYSIS: An unusual aspect of how New Zealanders allocate our share portfolios is that we exhibit a strong ‘neighbour bias’.

Nicholas Bagnall Tue, 10 Jun 2025

Economy Matters

Productivity in Brazil is nuts compared with NZ

ANALYSIS: The first of a series of articles addressing the key issues of NZ’s poor relative productivity.

Christoph Schumacher Mon, 09 Jun 2025

Book Review

Iron Ladies show their mettle

ANALYSIS: Dame Jacinda Ardern’s memoir is a publisher’s dream of female empowerment.

Nevil Gibson Sun, 08 Jun 2025

Investment

PGG Wrightson appoints Agria nominee as independent director

Wilson Liu will join the board in July, 18 months after his nomination in an attempted boardroom coup.

Tim Hunter Wed, 11 Jun 2025

Fletcher confirms buyer interest in business assets

Share price shoots up, amid confirmation of ‘inbound inquiries’.

NBR Staff Wed, 11 Jun 2025

SkyCity's $330m Fletcher claim a long shot, say analysts

Having already received the maximum liquidated damages, SkyCity faces a high bar to prove it deserves more.

NBR Staff Mon, 09 Jun 2025

Economics

How New Zealand can ride out US ‘policy instability on steroids’

Two former trade ministers and a prime minister mull over New Zealand’s tariffs and trade agenda.

Brent Edwards Thu, 05 Jun 2025

Tax revenue up on forecasts but SOE returns down

Net core Crown debt now $9.6 billion higher than last year.

NBR Staff Thu, 05 Jun 2025

RBNZ tipped to cut deeper to revive economy

Assistant governor Karen Silk told NBR a cut of 50bps wasn’t considered this month.

Jonathan Mitchell Fri, 30 May 2025

Politics

Combat corruption to fight organised crime: report

Corrupt insiders are a key asset for organised crime groups, Ministerial group warns.

Brent Edwards Tue, 10 Jun 2025

Parent Boost visa to make NZ more attractive to skilled migrants

PM says it will deliver significant economic benefits for all New Zealanders.

NBR Staff Sun, 08 Jun 2025

Questions remain about public good science in merger of CRIs

Much will depend on the framework the Government sets for the merger of GNS and Niwa.

Brent Edwards Fri, 06 Jun 2025

Te Ao Māori

Osaco group seeks $2m to launch global AI training tool

The Māori-led business aims to revolutionise police and humanitarian training.

Mike McRoberts Fri, 30 May 2025

Te Puna springs to life amid creative sector challenges

West Auckland's ambitious new Māori-led creative hub, Te Puna, aims to revitalise local industry and culture despite challenging economic conditions.

Mike McRoberts Wed, 21 May 2025

Māori business confidence up, driven by community-led growth

A pre-budget BDO report shows Māori business optimism has jumped despite a challenging economy.

Mike McRoberts Thu, 15 May 2025

Australia

Queensland council lays out welcome mat for Kiwi businesses

There are 1100 New Zealand business owners and 23,000 Kiwis living in the City of Moreton Bay. The council wants more.

Lachlan Colquhoun Tue, 03 Jun 2025

RBA cuts rates again as inflation recedes

Rates reached a high of 4.35% in December 2023, with today's cut the second this year.

Lachlan Colquhoun Tue, 20 May 2025

Asic sues Macquarie as crackdown continues

The action is the fourth time Asic has moved against Macquarie Group over the last year.

Lachlan Colquhoun Wed, 14 May 2025

General Business

Uber rival takes to the streets to rideshare in Auckland

Global company Bolt puts wheels on the ground in New Zealand with an aim to disrupt the local market.

Jonathan Mitchell Wed, 11 Jun 2025

The NBR Rich List - OUT NOW - NBR.CO.NZ

The country’s $100b wealth creators talk international investment, education, regulation, and taxes for NBR’s annual Rich List.

Mon, 09 Jun 2025

Geo sale to Access Group nets just enough for Pioneer creditor

Formerly NZX-listed tech company was sold out of receivership for about $4m, owing $3.6m to its private equity backer.

NBR Staff Fri, 06 Jun 2025

Tech & Innovation

Databricks lays building blocks for AI enablement

US$62b data and AI company attracted one of the world’s largest ever venture capital rounds earlier this year, and could IPO soon.

Will Mace Wed, 11 Jun 2025

Demand for the ‘New Zealand Digital Dollar’ still yet to take off

Easy Crypto launched its NZD-backed stablecoin in 2023 with much fanfare, but admits that uptake of the cryptocurrency has not been as great as first hoped.

Nicholas Pointon Fri, 06 Jun 2025

Two Degrees and Datacom partner to take on Spark and One NZ

The pair will team up on enterprise and govt bids where it makes sense, upping the ante with telco competitors.

Will Mace Thu, 05 Jun 2025

Law

Aaron Coupe’s sentence extended for deception

The jailed real estate businessman was sentenced to an additional three years and nine months in prison.

Kate McVicar Mon, 09 Jun 2025

‘Deliberate plan’ to cut Anthony Beverley out, High Court told

Four-week trial starts at High Court in Wellington after Drylandcarbon business partnership turns sour.

Jonathan Mitchell Mon, 09 Jun 2025

Banking class action lawyer complains to Ombudsman over OIA delay

Litigants seek information about bank lobbying over retrospective changes to lending disclosure law.

NBR Staff Fri, 06 Jun 2025

Finance

Fisher Funds ramps up PE investment in KiwiSaver funds

The country’s largest independent KiwiSaver fund manager has earmarked $1 billion for investments in private equity in the medium term.

Fiona Rotherham Fri, 06 Jun 2025

FNZ drives deeper into loss

Finance and legal costs, as well as asset impairments, mar result for fund administration group.

Tim Hunter Thu, 05 Jun 2025

FirstCape acquires Consilium for undisclosed sum

Consilium will retain its own brand within wealth management group.

Hamish McNicol Mon, 19 May 2025

The NBR Podcast

Podcast #60: The NBR Rich List

LISTEN: We reveal what successful local business people featured on the NBR Rich List believe would elevate NZ Inc.

Simon Shepherd Sat, 07 Jun 2025

Podcast #59: Queenstown’s tech future

LISTEN: There’s a plan under way to ease Queenstown’s reliance on tourism and turn it into an international tech hub.

Simon Shepherd Tue, 03 Jun 2025

Podcast #58: The KiwiSaver budget

LISTEN: What do the first major changes in 10 years mean for your KiwiSaver?

Simon Shepherd Tue, 27 May 2025

Primary Industries

Fonterra upgrades profit outlook

Dairy co-op's third quarter update announces opening milk price forecast for 2025/26 season of $10 a kg.

NBR Staff Thu, 29 May 2025

What keeps agribusiness leaders awake at night

Managed retreat and transitioning farm systems in the face of climate change is not a priority, survey shows.

Brent Edwards Wed, 28 May 2025

New fund will target New Zealand agriculture

New Forests has built up a portfolio of New Zealand forestry assets, and its new fund is looking at agriculture.

Lachlan Colquhoun Tue, 27 May 2025

Deals

Kiwi entrepreneur’s company valued at US$6.2 billion

Airwallex co-founder Lucy Liu is likely to be one of New Zealand's wealthiest women, on paper.

Will Mace Wed, 21 May 2025

Elevate invests $10m into Pacific Channel’s new fund

The move follows the Government committing a $100m top up to Elevate as part of Budget 2025.

Fiona Rotherham Tue, 20 May 2025

Angel investors show increased interest in new deals

The inaugural NZ Angel Market Report shows angels invested $15m overall in FY25.

Fiona Rotherham Thu, 15 May 2025

Tourism

Govt invests another $3m to help bring business events to NZ

Business Events Industry Aotearoa's trade show kicked off at Eden Park last night with a light and laser show, and a funding announcement.

NBR Staff Wed, 11 Jun 2025

Govt hits ‘snooze’ button on bed taxes

There’s little appetite for an additional tourism levy at central government level.

Brent Melville Fri, 09 May 2025

Our turn to be ‘jealous of cheap Australia’

Tourism Holdings and SkyCity say New Zealand is losing tourism ground to Australia, which is ‘as cheap as it’s ever been’ in relative terms.

Brent Melville Wed, 07 May 2025

Infrastructure

Crown reserves right to decide who runs the Cook Strait ferries

It will not necessarily be KiwiRail.

Brent Edwards Wed, 04 Jun 2025

Central and local government must manage assets better: report

Only one of six government agencies studied kept a full asset register.

NBR Staff Wed, 04 Jun 2025

Port not a ‘revenue tap’ to turn on and off – freight sector

Sector accuses Auckland Council of overreach as the country’s second-largest port surprises freight companies and port users by ramping up port access charges.

Brent Melville Fri, 30 May 2025

Property

Tech the last to go, as WFH becomes ‘so last week’

‘There was a big rush to downsize quickly and now everyone’s coming back, so it could be an interesting few years,’ IWG country manager says.

Brent Melville Tue, 03 Jun 2025

Property Income Fund looks to retail, signals possible IPO

Willis Bond’s investment offshoot says it’s about a third of the way to getting to the ‘critical mass’ required for a public offer.

Brent Melville Thu, 29 May 2025

Auckland apartment owners to vote on massive maintenance bill

George Court apartment owners are facing major bills to repair the heritage building; they’re far from the only ones in this dilemma.

Fiona Rotherham Tue, 27 May 2025

Professional Services

Tax Traders offers world’s first tax pool note issue

Institutional cash funds offered new Moody’s-rated short-term investment.

Tim Hunter Tue, 03 Jun 2025

Liberation Day saw multiple M&A deals paused, PwC says

But there are early signs of momentum after the first quarter of dealmaking in 2025.

Hamish McNicol Thu, 22 May 2025

Goldman Sachs NZ chief to exit

Andrew Barclay is leaving the investment banking firm after 25 years.

NBR Staff Tue, 20 May 2025

NBR Focus

Getting the basics right in Hawke’s Bay

What businesses want from local government on the East Coast.

Jonathan Mitchell Fri, 16 May 2025

Build it and they will come

ANALYSIS: Major investments, from a new stadium to ambitious private developments, are revitalising Christchurch and reshaping its economic future.

Mike McRoberts Thu, 15 May 2025

A mountain to climb in Queenstown-Lakes district

ANALYSIS: Stung by water and roading blow-outs, leaky building payouts, and ramped-up rates, the resort town is going through a tricky period.

Brent Melville Thu, 15 May 2025

Retail

Kiwi clothing company goes after ‘whale’ of markets

Cashmere retailer Elle + Riley is expanding into the US despite market wobbles.

Kate McVicar Fri, 06 Jun 2025

ComCom seeks crackdown on supermarket supplier rebates

A draft report on the Grocery Supply Code finds Foodstuffs and Woolworths receive subsidies from their suppliers of more than $5b a year.

NBR Staff Thu, 05 Jun 2025

Costs outpace revenue growth for DB Breweries

Annual profit for the local alcohol giant fell more than 73%.

Kate McVicar Tue, 06 May 2025

Luxury Property

Precinct’s new York, Feng Shui and islands in the sun

Two of the year’s biggest deals are brewing on Glendowie’s Riddell, while a Hauraki Gulf island hits the market for a cool $60 million.

Brent Melville Wed, 28 May 2025

Trelise Cooper marooned in St Heliers; Cheshire’s Kohi beachhouse

NBR takes a look at what’s hot and what’s not in this introductory edition of Luxury Property.

Brent Melville Wed, 30 Apr 2025

Failed foreign buyers’ tax ‘lost opportunity’ for NZ and Govt

While high-end real estate confidence is returning, the door is still locked for most foreign buyers.

Kate McVicar Sun, 24 Dec 2023

Marketing & Media

Stuff says it won’t rekindle acquisition talks with NZME

But NZME hinted at its annual meeting it is still keen on Stuff’s publishing assets.

Nicholas Pointon Tue, 03 Jun 2025

Trade Me acquires a 50% stake in Stuff Digital

The deal sees Trade Me acquire a stake in the company that owns the stuff.co.nz website.

Nicholas Pointon Tue, 03 Jun 2025

MediaWorks trims losses in year of ‘consolidation’

The radio broadcaster and outdoor advertising firm has reported increased revenue and underlying earnings.

Nicholas Pointon Fri, 30 May 2025

Aviation News

Emirates’ Clark sees Boeing’s 777X in skies by ‘early 2027’

Carry On: Air India seeks narrowbodies, Air Nuigini orders A220-100s, new routes.

Nevil Gibson Sat, 07 Jun 2025

New aircraft add capacity and more routes for Air New Zealand

The national airline says its network and customer choices are increasing.

Nevil Gibson Wed, 04 Jun 2025

Cook Islands aviation pioneer promoted to knight

Sir Ewan Smith founded Air Rarotonga in 1978.

Nevil Gibson Mon, 02 Jun 2025

Energy

Pellet plant developer gets more time from OIO

ASX-listed Foresta now has until July 2026 to acquire a lease on the Kawerau site.

Tim Hunter Tue, 10 Jun 2025

Genesis axes Frank, Ecotricity retail brands

Move will 'simplify the customer experience', says Genesis.

NBR Staff Tue, 10 Jun 2025

MyFarm raising funds to build solar farms for hydrogen fuel stops

Rural investor partnering with Hiringa Energy to build 5MW solar farms that support green hydrogen’s uptake in the transport sector.

Will Mace Thu, 05 Jun 2025

Featured Listers 2024

Featured NBR Listers 2024: Wi Pere Trust

Representing the 500 or so descendants of the former eastern Māori MP Wi Pere, the trust generates above-average returns from 7000 hectares of hill country and a relatively small 79ha horticulture unit.

NBR Staff Wed, 23 Oct 2024

Featured NBR Lister 2024: Sir Michael Hill

Earlier this year Sir Michael held a private golf tournament at his exclusive golf course, The Hills, to raise money for environmental conservation organisation Southern Lakes Sanctuary.

NBR Staff Tue, 22 Oct 2024

Featured NBR Lister 2024: Jonathan McHardy

With a property portfolio worth more than $140m, McHardy has a 20% stake in New Zealand Pastures.

NBR Staff Mon, 21 Oct 2024

Comings & Goings

Comvita names new chief executive

Ex-Miraka chief executive Karl Gradon will take over the honey company from the end of July.

Kate McVicar Mon, 09 Jun 2025

Lucidome Bio appoints board chair

Bridgit Hawkins is an experienced agricultural technology commercialisation expert.

Mon, 09 Jun 2025

Citi makes new appointment for Australia and NZ

John McLean will relocate from Singapore to Sydney for the role.

Thu, 05 Jun 2025

Tracksuit raises $42m with backing from US consumer investor VMG

Tracksuit raises $42m with backing from US consumer investor VMG

Allbirds co-founder Tim Brown joins Tracksuit’s advisory board

Icehouse Ventures closes $122m Growth Fund II

CricHQ shareholders in the dark about liquidation attempt

CricHQ shareholders in the dark about liquidation attempt

Fair Tax Coalition launches new campaign

Fair Tax Coalition launches new campaign

Constructive political debate still a distant ideal

Constructive political debate still a distant ideal

Back door listing guru joins Herbert's Empire as CEO

Product recall could leave Comvita $250k out of pocket

Featured Newcomer: Chris Dickey

Food and fibre exports expected to continue to drive recovery

Featured Women: Dame Trelise Cooper

US-China trade deal 'done'; Musk says Trump comments went too far

Tracksuit raises $42m with backing from US consumer investor VMG

Back door listing guru joins Herbert's Empire as CEO

CricHQ shareholders in the dark about liquidation attempt

Fair Tax Coalition launches new campaign

Featured Newcomer: Chris Dickey

Product recall could leave Comvita $250k out of pocket

Green Party reacts to Rich List with further calls for wealth tax

One big backward step for the market

Iron Ladies show their mettle

Corporate tax rate should be cut: Jeff Douglas

Aussie equities don’t deserve special place in NZ portfolios

MyFarm raising funds to build solar farms for hydrogen fuel stops

Adrian Orr quit RBNZ over funding ‘distress’

Serko upgraded to ‘outperform’ by Forsyth Barr

Paul Johnston confirmed as permanent Tower CEO

Vital enlists Cameron Partners, Harmos Horton Lusk on takeover

Elevating NZ Inc: what Rich Listers would do to make us better

‘Open the door’: international investor adviser’s letter to PM

‘Open the door’: international investor adviser’s letter to PM

Fieldays 2025: big business and a party in the paddock

Fieldays 2025: big business and a party in the paddock

Featured Women: Marisa Fong

Featured Women: Marisa Fong

Regulators to the rescue for ASX and public markets

Aussie equities don’t deserve special place in NZ portfolios

Productivity in Brazil is nuts compared with NZ

Iron Ladies show their mettle

Investment

PGG Wrightson appoints Agria nominee as independent director

Fletcher confirms buyer interest in business assets

SkyCity's $330m Fletcher claim a long shot, say analysts

Economics

How New Zealand can ride out US ‘policy instability on steroids’

Tax revenue up on forecasts but SOE returns down

RBNZ tipped to cut deeper to revive economy

Politics

Combat corruption to fight organised crime: report

Parent Boost visa to make NZ more attractive to skilled migrants

Questions remain about public good science in merger of CRIs

Te Ao Māori

Osaco group seeks $2m to launch global AI training tool

Te Puna springs to life amid creative sector challenges

Māori business confidence up, driven by community-led growth

Australia

Queensland council lays out welcome mat for Kiwi businesses

RBA cuts rates again as inflation recedes

Asic sues Macquarie as crackdown continues

General Business

Uber rival takes to the streets to rideshare in Auckland

The NBR Rich List - OUT NOW - NBR.CO.NZ

Geo sale to Access Group nets just enough for Pioneer creditor

Tech & Innovation

Databricks lays building blocks for AI enablement

Demand for the ‘New Zealand Digital Dollar’ still yet to take off

Two Degrees and Datacom partner to take on Spark and One NZ

Law

Aaron Coupe’s sentence extended for deception

‘Deliberate plan’ to cut Anthony Beverley out, High Court told

Banking class action lawyer complains to Ombudsman over OIA delay

Finance

Fisher Funds ramps up PE investment in KiwiSaver funds

FNZ drives deeper into loss

FirstCape acquires Consilium for undisclosed sum

The NBR Podcast