18 May 2015

Business Briefs

1:59 pm on 18 May 2015


A round-up from Radio New Zealand's business reporters; F&P's new range launched, Transpacific chief resigns and guest stays up on 2014.

New chief for NZX Funds Management

Aaron Jenkins has been appointed to lead its NZX Funds Management business, which includes SuperLife.

Mr Jenkins has worked at NZX since January last year and prior to that he was at Fonterra.

Meanwhile, NZX says Mark Peterson will take on the Head of Markets role.

NZX says both roles take effect from 2 June.

Closer ties for Air NZ, Tourism New Zealand

Air New Zealand says it is extending a marketing partnership with Tourism New Zealand.

The airline says the deal will continue through to next year with both firms jointly investing more than $20 million.

Air New Zealand says there will be more marketing in South America and the United States.

Mad Group launches in US

The fresh food company, Mad Group, says its Habitual Fix brand is launching in the United States.

Mad Group says the new US partner is expected to pay a deposit this week and a master franchise agreement is expected to be signed by August.

Wynyard expects revenues to rise

Wynyard Group, is expecting revenue of between $40 and $45 million in the current financial year, up to three-quarters higher than last year's $26 million.

Wynyard is currently losing money, as it invests to expand in the United States, Europe and Middle East.

It also expects to lift employee numbers from 228 to 330 by the end of this year.