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


Macquarie Goodman to Re-brand

Macquarie Goodman to Re-brand

25 May 2007

The Australian Stock Exchange listed Macquarie Goodman Group (“MGQ”) has announced to its security holders that a General Meeting is to be held in Sydney on 27 June 2007 to vote on a proposed name change.

MGQ’s change of name and new brand identity follows the acquisition of businesses in Europe and Asia. This international expansion, together with the sale by Macquarie Bank Limited of its MGQ security holding in August 2006, necessitated a re-branding project.

The group’s strategy is to integrate all of the companies under a single brand to present a clear and consistent global image.

Macquarie Goodman (NZ) Limited’s Chief Executive Officer, John Dakin said, “MGQ undertook significant in-depth, independent stakeholder research to ensure the implications of a name and brand change were fully identified and considered.”

The research showed an overwhelming preference for a name that was “Goodman” derived. This would enable the strong brand awareness and recognition that has been built up over many years to be maintained. While many derivations were considered as part of the process, the final choice, which has been endorsed by the MGQ Board, is Goodman.

If MGQ security holders vote to accept the name change on 27 June 2007 the Group’s New Zealand businesses will be re-branded, with the Macquarie Goodman Property Trust becoming the Goodman Property Trust, from 2 July 2007.

This name change and re-branding will have no impact on the strategy or ownership of Macquarie Goodman Property Trust and nothing is required to be done by unitholders.

Confirmation of the name change will be issued if the special resolution is passed at the Sydney meeting on 27 June 2007.


© Scoop Media

Business Headlines | Sci-Tech Headlines


REINZ: Market Activity And Prices Continue To Ease, First Home Buyers Start To Return To The Market

New Zealand’s winter property market continues its recent trend, slowing from the pace of sales and price rises of last year — properties stay on the market longer and median prices dip... More>>

FMA: Cigna Admits Making False And Misleading Representations
Cigna Life Insurance New Zealand Limited has admitted to making false and/or misleading representations to customers in proceedings brought by the Financial Markets Authority (FMA) – Te Mana Tātai Hokohoko... More>>

Statistics: Retail Card Spending Down 0.2 Percent In July
Retail card spending fell $11 million (0.2 percent) between June 2022 and July 2022, when adjusted for seasonal effects, Stats NZ said today... More>>

ASB: Full Year Results: Building Resilience Today And For Our Future

In its 175th year, ASB has reported a cash net profit after tax of $1,418 million for the 12 months to 30 June 2022, an increase of $122 million or 9% on the prior year... More>>

Commerce Commission: Draft Determination On News Publishers’ Association’s Collective Bargaining Application
The Commerce Commission (Commission) has reached a preliminary view that it should allow the News Publishers’ Association of New Zealand (NPA) to collectively negotiate with Meta and Google... More>>

Heartland: Retirees Facing Pressure From Higher Cost Of Living And Increasing Debt In Retirement

Heartland has seen a significant increase in Reverse Mortgages being used to repay debt. Among the most affected by the increasing living costs are retirees, many of whom are trying to get by on NZ Super alone... More>>