Green light for acquisition
The merger of two of the country’s largest animal nutrition companies won’t lessen competition, the Commerce Commission has ruled.
Farmlands Cooperative has been named the New Zealand winner of KPMG’s prestigious Global Customer Experience Excellence (CEE) Award.
New Zealand’s largest rural supplies and services cooperative was presented with the award at a ceremony hosted by KPMG in Auckland this morning.
Farmlands joins 13 other winners of the award world-wide, including Singapore Airlines (Australia), Apple Store (Italy), Alipay (China) and Emirates (UAE).
Following Farmlands in the top five for New Zealand were Air New Zealand, Kiwibank, New World and ASB Bank.
Farmlands chief executive, Peter Reidie, says receiving the accolade is a vote of confidence in the power of the cooperative business model, with a significant portion of Farmlands customers are Farmlands shareholders. He says ongoing loyalty creates its own virtuous circle of benefits.
“The more Farmlands shareholders choose to shop with us, the bigger our ability to create advantage for both them and the cooperative they own,” he says. “As a co-operative, we are a family – shareholders, staff and suppliers. We work hard to make sure all our shareholders feel valued – after all, they are the reason our business exists in the first place.”
Bankers have been making record profits in the last few years, but those aren’t the only records they’ve been breaking, says Federated Farmers vice president Richard McIntyre.
The 2023-24 season has been a roller coaster ride for Waikato dairy farmers, according to Federated Farmers dairy section chair, Mathew Zonderop.
Ministry for Primary Industries (MPI) director general Ray Smith says job cuts announced this morning will not impact the way the Ministry is organised or merge business units.
Scales Corporation is acquiring a number of orchard assets from Bostock Group.
Family and solidarity shone through at the 75 years of Ferdon sale in Otorohanga last month.
The Ministry for Primary Industries (MPI) has informed staff it will cut 391 jobs following a consultation period.
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