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New Zealand family businesses

December 8, 2015

A New Zealand businessman has shed tears at a shareholder meeting as he defended the appointment of his daughter to chairman of the jewellery company he founded.
 

A New Zealand businessman has shed tears at a shareholder meeting as he defended the appointment of his daughter to chairman of the jewellery company he founded.

Michael Hill International addressed shareholders at its annual meeting in Auckland last week, the first time since the business transitioned from the first to second generation of the family.

August 28, 2015

New Zealand’s most successful jewellery chain will fall into the hands of the second generation in November, following a vote at the company’s annual shareholders’ meeting.

New Zealand’s most successful jewellery chain will fall into the hands of the second generation in November, following a vote at the company’s annual shareholders’ meeting.

Michael Hill International launched in 1979, with one shop opened in Whangarei, a small city of just 54,000 people, but today has 300 stores across Australia, New Zealand and North America.

The jewellery business, which is now headquartered in Australia, last year had revenues of AU$505.6 million.

August 5, 2015

Third-generation New Zealand businessman John Todd has been farewelled in Wellington this week.

Third-generation New Zealand businessman John Todd has been farewelled in Wellington this week.

The former chairman of Todd Corporation died last Wednesday, aged 88, following a short illness.

Todd Corporation, New Zealand’s largest family business, dates back to 1884 and has interests in energy, property development, healthcare, telecommuncations, technology and wine.

According to local business publication The NBR, the family is worth NZ$3.16 billion.

June 19, 2014

Family-owned chocolate maker Whittaker’s has announced it is expanding into the Malaysian market allowing its New Zealand-made chocolates to be sold by major retailers.

Family-owned chocolate maker Whittaker’s has announced it is expanding into the Malaysian market allowing its New Zealand-made chocolates to be sold by major retailers.

The family business, founded in 1896, has previously only supplied its chocolate range to Malaysian duty free shops.

Fourth-gen Matt Whittaker, head of international markets, says flavours being introduced have not previously been available in the Malaysian market, such as such as peanut butter, macadamia nut and dark peppermint fondant.

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