Riley Kennedy

6 days ago | businessdesk.co.nz | Riley Kennedy

Graeme Clegg remains unable to leave Vietnam and says he requires urgent help from officials.The 85-year-old New Image Group founder has been detained in the Southeast Asian country for 59 days over a disputed arbitration order, and this week, he was diagnosed with cancer in his colon.“It’s not a good situation … it’s been very, very difficult,” Clegg told BusinessDesk, from his hotel in Ho Chi Minh City.'Stolen intellectual property'In March, Clegg travelled to the country to attempt to...

1 week ago | businessdesk.co.nz | Riley Kennedy

Bremworth is reintroducing synthetic carpets.

1 week ago | businessdesk.co.nz | Riley Kennedy

Pressure in the red meat sector has weighed on ANZCO Foods’ profit margins.The Japanese-owned meat processor reported net profit after tax of $8.4 million for the 2024 year, compared to $44.4m in the 12 months prior.ANZCO is one of the country’s largest processors, alongside Alliance, Silver Fern Farms, and Talley's-owned AFFCO.It operates seven processing sites nationwide and the Five Star Beef feedlot near Ashburton.'Perform well'Global pressures weighed on red meat prices for much of 2024.

1 week ago | businessdesk.co.nz | Riley Kennedy

Greg Smith is an eternal optimist.

1 week ago | businessdesk.co.nz | Riley Kennedy

T&G Global is on the edge of realising a “performance uplift” with volumes, revenue and profitability expected to grow, its chair says.Germany’s BayWa has owned almost 74% of the company for more than 10 years but last year signalled it was looking at hiving off its foreign investments to raise €4 billion ($7.1b).The fresh produce business held its annual meeting in Auckland on Wednesday, where it told shareholders its apple strategy was about to bear fruit.In its full year, T&G had revenue...