Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


French-owned wine maker chokes Kiwi business growth

5th September 2013

French-owned wine maker chokes Kiwi business growth

French-owned wine maker Cloudy Bay is using dirty tactics and the Resource Management Act to stifle the development of the newly consented Moa brewery expansion, says chief executive Geoff Ross.

The craft brewer, which has been on its current Marlborough site for ten years since the company was founded, was granted resource consent to modestly expand operations last month.

That decision has been appealed by Cloudy Bay and two other locals in the area who Moa believe are also being funded by the French company, Ross says.

“We now see why New Zealand business and in particular provincial New Zealand is being held back by self-serving use of the RMA.

“What we have here is a French-owned company, who trades on our Kiwi identity trying to dictate the terms of operation to a genuine New Zealand business.

“And what’s worse they send much of their profits back to France.

“It also seems ironic that they are taking issue with our new building, which would easily fit inside just one of their five huge buildings.

“It doesn't seem very neighbourly at all, and disadvantages the region it resides in,” Ross said.

“We went through the process in the right manner and we were deemed successful. Now, the unknown intention of a foreign company and minority interests of one or two locals are holding up what the authorities have already approved. That is wrong - especially for such a small development,” he says.

“It’s more of a nuisance than a road block, but one that costs Marlborough and a NZ owned business growth.  Every other wine region in the world has active craft brewers. So too should Marlborough.”

Ross said the company has adequate capacity as it can brew new volume with friends at other breweries in other regions. “This will enable the needs of the business to be met in the near and medium term whilst this is all sorted out,” he said.

“We believe ours was a strong application, as was agreed by the Independent Commissioner in his original decision.”

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Economic Update: RBNZ Says Rate Cut Seems Likely

The Reserve Bank will likely cut interest rates further as a persistently strong kiwi dollar makes it difficult for the bank to meet its inflation target, it said. The local currency fell. More>>

ALSO:

House Price Action Plan: RBNZ Signals National Lending Restrictions

The central bank wants to cap bank lending to property investors with a deposit of less than 40 percent at 5 percent and restore the 10 percent limit for owner-occupiers wanting to take out a mortgage with a deposit of less than 20 percent, according to a consultation paper released today. More>>

ALSO:

Sparks Fly: Gordon Campbell On China Steel Dumping Allegations

No doubt, officials on the China desk at MFAT have prided themselves on fashioning a niche position for New Zealand right in between the US and China – and leveraging off both of them! Well, as the Aussies would say, of MFAT: tell ‘em they’re dreaming. More>>

ALSO:

Loan Sharks: Finance Companies Found Guilty Of Breaching Fair Trading Act

Finance companies Budget Loans and Evolution Finance, run by former 1980s corporate high-flyer Allan Hawkins, have been found guilty of 106 charges of breaching the Fair Trading Act for misleading 21 borrowers while enforcing loan contracts. More>>

ALSO:

Post Panama Papers: Govt To Adopt Shewan's Foreign Trust Recommendations

The government will adopt all of the recommendations from former PwC chairman John Shewan to increase disclosure and introduce a register for foreign trusts with new legislation to be introduced next month. More>>

ALSO:

The Price Of Cheese: Cheddar At Eight-Year Low

Food prices decreased 0.5 percent in the year to June 2016, influenced by lower grocery food prices (down 2.3 percent), Statistics New Zealand said today. Compared with June 2015, cheese prices were down 9.5 percent, fresh milk was down 3.9 percent, and yoghurt was down 9.2 percent. More>>

ALSO:

Financial Advisers: New 'Customer-First' Obligations

Goldsmith plans to do away with the current adviser designations which he says have been "unsatisfactory" in that some advisers are obliged to disclose potential conflicts of interest and act in their customers' best interests, but others are not. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news