Retail

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Restaurant Brands to buy 70 California stores for US$73m
Listed Companies

Restaurant Brands to buy 70 California stores for US$73m

Restaurant Brands is to pay US$73 million for 70 KFC and Taco Bell stores in Southern California as part of its US expansion plan.The acquisition includes 59 KFC stores and 11 combined KFC and Taco Bell stores as well as a head office facility. It is subject to the approval of Yu...

Jenny Ruth 23 Dec 2019
Taco Bell sales at $100k a week as Restaurant Brands ups 3Q revenue
Listed Companies

Taco Bell sales at $100k a week as Restaurant Brands ups 3Q revenue

Restaurant Brands lifted third-quarter sales 5.8 percent as the company saw steady growth across its three operating divisions in New Zealand, Hawaii and Australia.The quarter was the first to include three weeks of sales from the fast-food operator’s new Taco Bell store in Auckl...

Victoria Young 16 Dec 2019
Supplements, skincare firm poised for reverse listing
Listed Companies

Supplements, skincare firm poised for reverse listing

Early-stage supplements and skincare firm Me Today is poised to list next year through shell company CSM Group in a deal valuing the company at almost $5.6 million. NZX-listed CSM, formerly Orion Mineral Group, has agreed to buy The Good Brand Co and Me Today, and its existing $1...

Paul McBeth 11 Dec 2019
Gloomy building, farming sectors weigh on new car sales
Economy

Gloomy building, farming sectors weigh on new car sales

Uncertainty among builders and farmers weighed on sales of new commercial vehicles in November, which dropped 12 percent from the year earlier.Motor Industry Association figures showed there were 4,210 new commercial vehicle registrations last month, down from 4,816 in November 2...

Dan Brunskill 04 Dec 2019