2 Dec 2014

Business briefs

2:05 pm on 2 December 2014

Wesfarmers has completed the acquisition of the Workwear Group from Pacific Brands.

The deal means Wesfarmers will now own the industrial workwear brands, including Hard Yakka, KingGee and Stubbies.

In August, Pacific Brands said the sale would be worth $180 million in cash.

Wesfarmers said a transition period will now begin, by strengthening the workwear business and establishing a platform for future growth.

Ian Ormiston resigns

Just Water International's chief executive Ian Ormiston has resigned in a move designed to cut the company's costs.

The firm's founder and major shareholder, Tony Falkenstein, is in the process of taking over the company and, last month, he said he now owns more than 75 percent of the company.

Mr Falkenstein has said he plans to focus on cutting costs

Just Water's board said that means the chief executive's role has changed significantly from when Mr Ormiston was appointed last year.

It has appointed Mr Falkenstein as managing director from 8 December.

Enprise Group has made a first-half loss of $79,000.

Enprise is a group of three software businesses that build and provide integrated accounting and data management solutions to small and medium-sized enterprises in Australasia and the global market.

Its revenue for the six months ended 30 September 30 $3.4 million down 3 percent from the same six months last year.

The company's shares began trading on the NZX's alternative board yesterday.