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“No thanks was ever given, we were only ever told we could always do better,” says a Farmers Trading Company worker.

Foodstuffs selling stake in Warehouse Group © RNZ / Nate McKinnon One of the Warehouse Group's major shareholders is selling out. Supermarket operator Foodstuffs and two associates - Cash Wholesalers, and Wardell Brothers - have agreed to sell their 9 percent stake in the discount trader. At current prices, the stake is worth about $114m. The sale is underwritten, guaranteeing a sale, but the Warehouse has been put in a trading halt to allow for an orderly sale. Foodstuffs, the operator of New World, Pak 'N' Save, and Four Square stores, bought into The Warehouse in 2005 when the big box re...

Philanthropist calls for owners of Farmers and Whitcoulls to repay wage subsidy 1 Feb, 2021 03:23 AM 4 minutes to read The company that owns the Farmers and Whitcoulls chains claimed the wage subsidy on behalf of thousands of staff. Photo / Supplied The company that owns the Farmers and Whitcoulls chains claimed the wage subsidy on behalf of thousands of staff. Photo / Supplied A leading philanthropist is pressing one of New Zealand's largest private companies to repay most of the $35 million it took in wage subsidies, claiming the payments were not needed and are contributing to growing ineq...

Michael Hill jewellery has declined to return the wage subsidy, despite posting profits for the year. “Naming and shaming can work but it tends to be not as effective as we think it will be,” said University of Auckland marketing lecturer Bodo Lang. The effectiveness of shaming depended on factors like whether the item was essential to the consumers and the position the company had in the local community, he said. If a company’s product could be easily bought from someone else then consumers were able to wield more power in naming and shaming a business. “This is not just somethi...