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  • 30 Oct 2020 5:40 PM | Mike Hearn (Administrator)

    To open more doors for its US Foodservice business, Fonterra has entered a sales and marketing agreement with one of America’s leading dairy co-operatives, Land O’Lakes, Inc.

    The arrangement will open up opportunities to expand the reach of Fonterra’s Foodservice products into other US foodservice outlets. 

    Fonterra’s Global Director Foodservice, Paul Harvey, says the US is not only the largest dairy foodservice market in the world, it is also the most competitive.

    “Land O’Lakes works with all major US national and top regional foodservice distributors and this will help enable potential national distribution of Fonterra products.

    “While Fonterra has been in the US Foodservice market for a number of years, breaking into it at any great scale requires a fresh approach.

    “By working with Land O’Lakes, we will have access to a strong, well-established distribution network and their large customer base.

    “A big part in securing the partnership was our reputation for developing a range of innovative dairy products, along with our commitment to food safety and quality, which gives people confidence to choose our products.

    “Land O’Lakes will help us distribute, promote and sell our cooking creams and cream cheese and, in the future, we will look to expand our relationship into other categories such as cheese products.”

    “We are excited to leverage the knowledge and expertise our two co-operatives have in dairy with a broader portfolio of products designed to help foodservice operators make the most of dairy in their kitchens,” says Catherine Fox, Vice President, Marketing, Land O’Lakes Dairy Foods.

    Greg Somerville, Vice-President, Sales, Land O’Lakes Dairy Foods, added, “As a result of COVID-19, performance products in Foodservice will be of utmost importance to operators. The Land O’Lakes Foodservice Sales team is looking forward to adding Fonterra’s high-performance products to our portfolio, which will enable us to provide an expanded range of solutions to existing and new segments and operators.”

    Paul says that, when Fonterra launched its value focused strategy last year, it was clear it would develop its Foodservice markets. 

    “We want to do this by collaborating more with like-minded partners, leveraging our intellectual property and skills, rather than making significant capital investments of our own. This agreement with Land O’Lakes is a great example of this and one we could look to apply in other markets too.”

    About Land O’Lakes, Inc. 

    Land O'Lakes, Inc., one of America's premier agribusiness and food companies, is a member-owned co-operative with industry-leading operations that span the spectrum from agricultural production to consumer foods. With 2019 annual sales of $14 billion, Land O'Lakes is one of the nation's largest co-operatives, ranking 232 on the Fortune 500. Building on a legacy of more than 99 years of operation, Land O'Lakes today operates some of the most respected brands in agribusiness and food production including Land O’Lakes Dairy Foods, Purina Animal Nutrition, WinField United and Truterra. The company does business in all 50 states and more than 60 countries. Land O'Lakes, Inc. corporate headquarters are located in Arden Hills, Minnesota.

    www.fonterra.com

  • 30 Oct 2020 1:35 PM | Mike Hearn (Administrator)

    Six outstanding company’s achievements during the COVID 19 pandemic were recognised at celebration dinner in Auckland last night at the new Park Hyatt Hotel.

    The focus of this year’s awards was success & resilience during the COVID19 pandemic.
    We were looking to recognize companies, organisations, or individuals who could show resilience, ingenuity, had pivoted, and had been successful in growing relationships and business between the USA and NZ during these difficult times.


    There were no set categories, which meant that entrants were competing from a wide range of sectors including importing, exporting, investment, education, research/science, tourism, dealing with workforce issues, supply chains, and creative sectors.

    There were a record number of entries and some of the key messages that came out of the entries:

    -          There has been some outstanding innovation, resilience, perseverance, and tenacity shown during these unprecedented times.

    -          The global playing field has been leveled and New Zealand is well placed to take advantage of it.

    -          Enabling technologies are out there waiting for society to catch up            . 

    -          New Zealand’s economy has moved from just exporting containers of goods to exporting our unique innovations. 

    -          Sustainability and climate change are creating a challenge and an opportunity.

    -          The customer experience is absolutely everything.       

    The winners were:

    Animation Research Ltd – www.arl.com
    Fisher & Paykel Healthcare Ltd -
    www.fphcare.com
    GFS Risk Ltd – www.gfsrisk.com
    Kami Ltd – www.kamiapp.com
    Magic Memories Innovation Ltd – www.magicmemories.com
    Tourism Holdings Ltd – www.thlonline.com

    U.S. Ambassador Scott Brown spoke at the dinner and presented a certificate of appreciation on behalf of the US Commercial Service – SelectUSA to Andy Stevens, CEO of Quantifi Photonics Ltd  

    25 Year membership awards were presented to RE Biz Ltd & ATPI New Zealand Ltd.

    Norris Echetebu Law received the 2020 AmCham Supporter of the Year award.

    In addition to AmCham’s lead awards sponsor DHL-Express, the awards are also supported by ANZ Bank, Ironside McDonald Intellectual Property, media partner The Business, wine sponsor Constellation Brands and event manager Lime & Soda.

  • 19 Oct 2020 5:23 PM | Mike Hearn (Administrator)

    Good Feeding (Go Well), a start-up focused on infant nutrition, has won the 2020 Food-Navigator USA Trailblazers award for innovation in kid-focused foods. Good Feeding provides parents and caregivers guidance, support, and tools to establish healthy eating habits in children from even before their first bite. Its personalised baby food subscription plan, Go Well®, aims to train baby’s palate by utilising windows of opportunity during crucial development phases, exposing baby to different flavors, and promoting acceptance of new foods, especially vegetables.

    “At Good Feeding, our focus is to give babies the start they deserve by equipping parents with information and tools to make healthy and safe food choices. This award by Food Navigator USA is a recognition and validation of our efforts towards this end,” Phil McGrath, CEO and co-founder of Good Feeding said. Trailblazers Challenge is an annual event held by Food-Navigator USA where start-ups and established brands pitch their innovative food and nutrition products targeting parents and children. Good Feeding will take the centre-stage at the Food for Kids summit being held in the US next month.

    “Good Feeding aims to change perception on infant nutrition by supplementing traditional knowledge on feeding with science-backed information and resources that focus on early exposure to the right foods and flavors. This will be an excellent opportunity to further our mission of educating parents on palate training, and helping them make the best food choices for their little ones,” Frances McGrath, Good Feeding co-founder, said. The company is also a part of the ‘Shaping Early Palates’ initiative by Partnerships for Healthier America (PHA), a nonprofit co-founded by former US First Lady Michelle Obama. The program aims to promote lifelong healthy eating habits and fight childhood obesity.

    Good Feeding is set to launch Go Well, its chilled baby food subscription program in the US later this month. The high quality, no added sugar, nutritionally-dense baby food is produced using an exclusive, innovative technology suite that preserves texture, flavour, and colour.

    https://www.goodfeeding.com/

  • 16 Oct 2020 12:55 PM | Mike Hearn (Administrator)

    CHANDLER, Ariz., Oct. 2, 2020 — Microchip Technology Inc. (Nasdaq: MCHP) today announced the acquisition of Tekron International Limited, a global leader in providing high-precision GPS and atomic clock time-keeping technologies and solutions for the smart grid and other industrial applications. The terms of the deal are confidential.

    “This acquisition brings Tekron’s knowledgeable team and widely adopted products to our synchronization and timing offering that has become indispensable in today’s increasingly digital, networked world,” said Randy Brudzinski, vice president of Microchip’s Frequency and Timing Systems business unit. “Precise, accurate time is an enabling ingredient for virtually all infrastructures, from data centers, communications and industrial networks to financial exchanges. Acquiring Tekron enables us to expand our offering across a broad customer base in the rapidly expanding smart energy and industrial markets.”

    Microchip has established a leading position in the synchronization and timing market for communications, enterprise, government, and military and aerospace applications. Tekron extends this focus to encompass the specific industry requirements for the power utilities and industrial markets. Founded in 2002 in Wellington, New Zealand, Tekron has solved key challenges including providing precision time stamping for advanced substation automation applications; ensuring Network Time Protocol (NTP) reliability and security over computer networks; maintaining continuous time sync operation for transmission and distribution system operators; and implementing IEEE® 1588V2 Precision Time Protocol (PTP) standards to modernize the traditional power grid.

    “We are excited to have our employee family join Microchip to help expand its reach and coverage in the smart energy and industrial segments,” said Ian Mills, the outgoing Chairman of the Board with Tekron. “The transaction brings together two organizations with a shared commitment to innovation and flawless execution that is so critical in the timing and synchronization industry.  We have strong mutual and complementary track records for successfully deploying this highly specialized technology in demanding applications.  We look forward to expanding on this further with the joining of the New Zealand team into the Microchip family.”

    For more information on products and history or for contact information visit www.tekron.com.

  • 11 Oct 2020 4:14 PM | Mike Hearn (Administrator)

    In a deal most Kiwi brands could only dream of, reality television royalty Khloe Kardashian has become an equity partner and global spokeswoman of New Zealand collagen brand Dose & Co.

    The deal is set to take the collagen brand to the global market with Kardashian harnessing her 122 million-strong social media following and global influence as face and partner of the brand.

    In an exclusive statement to the Herald, Kardashian shared that the deal came about after Dose & Co's stable Zuru Edge sent their products to the Keeping Up With the Kardashians star and mum of a toddler.

    "I was sent Dose & Co to try and I loved the plastic-free packaging and what the brand stood for. Then as soon as I started to see results I knew I wanted to work with Libby and her team.

    "I can see why Kiwis have such an amazing reputation because the Dose & Co team has been working so hard to make our US launch a huge success."

    Zuru co-founder Nick Mowbray shared that it was Kardashian who then started the conversation that led to the global deal.

    "The deal came about very organically. With all our Zuru Edge brands, the priority is finding authentic partners who share the passion for what we do. We sent Dose & Co to Khloe, she tried it, reached out to us and we started a conversation," Mowbray told the Herald.

    Mowbray labelled the partnership "a dream", sharing that the star has been instrumental in the US launch, set to take place this week.

    "Khloe has always been a dream of ours, because of her ability to connect with fans on a very authentic level. People trust her and they admire her when it comes to beauty, health and wellness. What's impressed me has been Khloe's level of involvement and attention to detail launching this brand; it hints of a very long and fruitful relationship together," said Mowbray.

    The brand was founded in 2019 by qualified naturopath Libby and her brother Ryan Matthews. However, the deal with Kardashian was beyond what the siblings ever thought was possible when they launched their passion project.

    "When I started Dose & Co I would never have dreamed of a partnership with someone like Khloe, but it's a testament to the product and New Zealand's reputation for creating disruptive brands," shared Libby.

    "Having worked with Khloe I've been so blown away by her passion and work ethic when it comes to making a difference. She really believes in Dose & Co and the difference collagen can make to new mums like her and I."

    After becoming a mother, Libby was inspired to create a range of eco-conscious collagen products that promote holistic health from the inside out, something which appeared to stand out to Kardashian.

    "Libby gave birth to her daughter around the same time I gave birth to True and we both found collagen to be hugely helpful in the stages of post-pregnancy. Libby and I bonded over this journey and I loved how she was on a mission to make premium collagen accessible to more young mothers like us," Kardashian shared.

    With the announcement of the conclusion of the Kardashian's reality TV show last month, the move appears to hint at what might be next for one of the most famous faces on television.

    "I've always been really passionate about health and fitness and working with Libby and Dose & Co has reinforced my love for the wellness category. I'm fortunate that I have a platform where I can share the things that have helped me and enrich my life with others. This has been a really engaging process and I'm excited for the consumer response to the launch," the reality star revealed.

    "Filming KUWTK was an unforgettable experience and I loved being able to work that closely with my family for so many years. We now have this amazing video album of all the incredible trips and experiences we've had."

    Today, collagen remains one of the fastest-growing wellness categories globally, estimated to be worth over $5.25 billion is set to reach $8.1 billion by 2027.

    Keeping sustainability the focus, the brand has gone from strength to strength, starting out as a purely E-commerce store and then moving into supermarkets in New Zealand and Coles in Australia.

    "Over the next few years our emphasis is on growing the brand internationally. It's been an incredible ride so far and who knows what the future holds, but right now our focus is making Dose & Co one of the world's largest brands in the health and wellness category," shared co-founder Ryan Matthews.

    Dose & Co will be available in Target, GNC, Vitamin Shoppe and Amazon stores across the US before the end of the year.

    "However, we plan to announce plenty more partners in 2021," Mowbray added.

    Source: NZ Herald, By: Jenni Mortimer

  • 08 Oct 2020 3:40 PM | Mike Hearn (Administrator)

    A US government agency has given a multimillion-dollar grant to a New Zealand firm as it seeks to hugely expand America's Covid-19 testing capability.

    Currently, fewer than 1 million Covid tests are being carried out
     per day in the US, at a time when experts say up to 30 million per day are required.

    The US Department of Health and Human Services' National Institutions of Health (NIH) unit has just awarded US$98 million ($140m) in grants to firms that can supply hardware to boost rapid testing - as part of a wider US$1.5 billion programme to plug the testing gap with various "RADx" (rapid diagnostic) initiatives.

    One is the Albany, Auckland-based Ubiquitome - maker of the Liberty16 mobile testing machine - which has received US$2.5m ($3.6m) from NIH after a "Dragon's Den" style process to determine recipients.

    Over six months, competing companies have been winnowed down to a handful that have received money for manufacturing.

    Ubiquitome is the only company outside the US to secure funding.

    Following testing at Massey University, the Liberty16 is good to go for Covid-19 testing, Ubiquitome CEO and chairman Dr Paul Pickering says.

    The shoebox-sized, battery-powered Liberty16 can test 16 blood or saliva samples for Covid-19 in 40 minutes, delivering results to its iPhone app.

    The 2.5kg gadget is billed as the smallest real-time gadget for polymerase chain reaction (PCR) DNA sample testing

    The NIH funds will be used to scale up manufacturing, which will remain in Auckland.

    Pickering says he wants to double staff numbers, which he prefers not to give figures for the privately held Ubiquitome (for which LinkedIn lists 17 employees).

    The NIH money follows a $528,927 NZ government Covid-19 Innovation Acceleration Fund grant in May for product development, plus a $169,000 grant for the Massey testing (Otago University and ESR have also been involved in early Liberty16 validation and benchmarking projects).

    Ubiquitome is in the process of applying for US Federal Drug Administration (FDA) emergency approval for the Liberty16.

    Ubiquitome has already sold Liberty16 into research and clinical labs in Japan, the US, Canada, the UK and Germany.

    The Auckland company recently inked a sales and distribution deal with the Swiss giant DKSH (DiethelmKellerSiberHegner), which Pickering says is also assisting with medical registration in various countries around the world.

    Ubiquitome was founded in 2014. Pickering (a former exec with US medtech Life Technologies) is the largest shareholder with a 43 per cent stake, followed by Otago University's commercialisation arm with a 21 per cent holding. Smaller shareholders include Icehouse Ventures.

    The Liberty16 pre-dates Covid. It was developed for point-of-care testing, and earlier garnered media coverage for its ability to analyse samples at a crime scene.

    And Pickering says it can be adapted to identify any virus or bacteria, which will continue to keep it relevant once the Covid-19 threat finally passes.

    The CEO says there is only "very limited" competition to the Liberty16 in its mobile, on-the-spot testing niche, which he sees as suitable for situations like rapid testing at a border.

    Fixed laboratories can handle a much larger volume of testing, faster, but he describes the Liberty16 as disruptive - with thousands of units of the gadget able to collectively carry out more testing, and in more flexible fashion. He compares it to the difference between laptops and mainframes.

    Public listing?

    Where there are no firm plans for a public listing at this point, Pickering says the stars are starting to align.

    "We're aware an IPO window has opened and are investigating," he says.

    "The ASX has historically done a good job supporting NZ life science company IPOs but we are also aware of recent efforts by NZX to improve their track record in this regard."

    Source: NZ Hearld, By: Chris Keall

  • 27 Sep 2020 1:34 PM | Mike Hearn (Administrator)

    Winners announced for the 2020 AmCham - DHL Express Success & Resilience Innovation Awards for companies doing business with the USA

    The focus of this year’s awards was success & resilience during the COVID19 pandemic. We were looking to recognize up to 6 companies, organisations, or individuals who could show resilience, ingenuity, had pivoted, and had been successful in growing relationships and business between the USA and NZ during these difficult times. 


    There were no set categories, which meant that entrants were competing from a wide range of sectors including importing, exporting, investment, education, research/science, tourism, dealing with workforce issues, supply chains, and creative sectors.

    Some of the key messages that came out of the entries:
    -         
    There has been some outstanding innovation, resilience, perseverance, and tenacity shown during these unprecedented times.
    -         
    The global playing field has been leveled and New Zealand is well placed to take advantage of it.
    -         
    Enabling technologies are out there waiting for society to catch up.
    -         
    New Zealand’s economy has moved from just exporting containers of goods to exporting our unique innovations.
    -         
    Sustainability and climate change are creating a challenge and an opportunity.
    -         
    The customer experience is absolutely everything.       

    The winners were:
    Animation Research Ltd – www.arl.com
    Fisher & Paykel Healthcare Ltd -
    www.fphcare.com
    GFS Risk Ltd – www.gfsrisk.com
    Kami Ltd – www.kamiapp.com
    Magic Memories Innovation Ltd – www.magicmemories.com
    Tourism Holdings Ltd – www.thlonline.com

    The winners will be presented with their awards at a dinner on 29th October in Auckland (as long as Auckland is at COVID19 Level 1) or the dinner will be deferred until a later when we can hold a larger in person event.

    In addition to AmCham’s lead awards sponsor DHL-Express, the awards are also supported by ANZ Bank, Ironside McDonald Intellectual Property, media partner The Business, wine sponsor Constellation Brands and event manager Lime & Soda.
  • 15 Sep 2020 2:09 PM | Mike Hearn (Administrator)

    On 1 September Restaurant Brands New Zealand Limited (NZX: RBD) announced that it had received consent from KFC and Taco Bell for the purchase of 58 KFC stores and 11 multibrand KFC and Taco Bell stores, together with a head office facility in Southern California, USA from an existing franchisee.
     
    RBD is pleased to announce the settlement of this acquisition was completed overnight.

    Despite significant disruption to trading due to the ongoing COVID-19 pandemic, the acquired business has maintained a 12 month trailing turnover of $US95 million and store EBITDA (pre-G&A) of in excess of $US12 million.

    Russel Creedy, RBD Group CEO said, “The resilience of the Restaurant Brands business during the COVID-19 pandemic has highlighted the benefits of investing in trusted brands and maintaining geographically diverse operations.  We are pleased with the strong trading performance of the acquired stores during the COVID-19 pandemic in California and are excited about the future prospects in the US market.”

  • 03 Sep 2020 7:52 PM | Mike Hearn (Administrator)

    Premier visual effects company, known for The Lord of the Rings and Avatar, goes all-in on AWS to accelerate innovation and content production, while enabling artists globally to create and render visual effects.Amazon Web Services, Inc. (AWS), an Amazon.com company (NASDAQ: AMZN), announced that Weta Digital is going all-in on AWS, leveraging the proven performance of the world’s leading cloud to create a new, cloud-based visual effects (VFX) workflow. This workflow includes a set of technologies for VFX artists that will underpin the studio’s global expansion, accelerate key portions of film production, and expand Weta Digital’s New Zealand operations, enabling its team of artists to collaborate on visual effects remotely. In the past 25 years, Weta Digital has brought to life some of the most memorable worlds and characters in film, including Middle-earth and Gollum in New Line’s The Lord of the Rings trilogy and the Na’vi and beautiful landscapes of Pandora in Avatar. Over the course of this multi-year deal, the studio will migrate the vast majority of its IT infrastructure to AWS to support a pipeline that includes 100 proprietary tools and its LED-stage virtual production service, which creates immersive new worlds onset. In addition, Weta Digital will use AWS to produce and render original content from the newly announced ‘Weta Animated’ and deliver on its multi-year movie slate.

    Visual effects artists use a wide range of animation and compositing software to integrate computer-generated imagery with live action footage, creating scenes that go beyond what can easily be captured with film alone. This imagery generates a massive volume of video and image files that can put a strain on IT resources and requires delicate load balancing efforts to keep production facilities operating at peak capacity. Leveraging AWS’s global infrastructure and AWS services, including compute, storage, security, machine learning (ML) and analytics, Weta Digital can spread its workloads more efficiently around the world, freeing up talent and resources to continue to create ground-breaking visual effects, and gain the flexibility to render VFX scenes remotely wherever its creative staff is based. With Amazon Elastic Compute Cloud (Amazon EC2), Weta Digital will have expanded access to a broad range of specialized Graphics Processing Unit (GPU) instances for better integration of ML into the VFX creation process, enabling artists to create more life-like, detailed movie creations.

    “Weta Digital has been an innovator in the visual effects industry for decades. By adopting AWS’s ultra-scale infrastructure, we can implement a proprietary cloud pipeline and globally scale our production to greater levels than ever before,” said Prem Akkaraju, CEO of Weta Digital. “Weta established a remote collaborative workflow in March due to the pandemic to seamlessly continue work on the Avatar sequels and other films. With the power of AWS, we can now take that success to a global scale. Drawing on AWS’s virtually unlimited compute capacity, we can empower our artists to work safely and securely where they want without technical limitations. In addition, using the breadth and depth of AWS services we can more easily test new ideas and technologies as we continue to push the boundaries of what is possible in visual effects today. AWS services, such as machine learning and data analytics, will help Weta deliver projects faster and more cost effectively, and our customers will enjoy the fruits of Weta Digital’s continuous innovation.”

    “Weta Digital has earned fans around the world through its innovative approach of combining technology and creativity to push the boundaries of visual effects in the movie industry while bringing some of cinema’s most memorable characters to life,” said Andy Jassy, CEO of AWS. “Weta Digital will rely on AWS’s unmatched portfolio of services to continue redefining what is possible on screen and at a scale that was not previously possible. Through its collaboration with AWS, Weta Digital is reducing technology barriers for those in the filmmaking industry, strengthening its operations in New Zealand and globally, and paving the way for immersive, new experiences for moviegoers.”

    Source: https://www.businesswire.com/news


  • 30 Aug 2020 11:08 AM | Mike Hearn (Administrator)

    International retail brands Tommy Hilfiger and Calvin Klein are gearing up to open their first New Zealand stores next week once Auckland has moved to alert level 2.

    The American clothing and underwear retailers have each taken up a tenancy at Auckland's Commercial Bay shopping precinct and expect to open their doors for the first time on Monday, August 31 after facing months of delays because of Covid-19.

    Tommy Hilfiger and Calvin Klein, owned and operated by NYSE-listed PVH Corporation, has had its eye on a launch in the New Zealand market since 2017.

    The retail company will invest about $2 million and create 44 jobs this side of Christmas to expand into the country.

    Craig Barnett, chief executive of PVH Brands Australia, said plans to launch in New Zealand were briefly put on the back burner as it focused on meeting a surge in demand in Australia, where the group operates 30 Tommy Hilfiger and 38 Calvin Klein stores.

    Barnett said Commercial Bay owner Precinct Properties reached out to PVH Brands to offer its brands tenancies in the billion-dollar development in 2018.

    PVH took over Tommy Hilfiger in Australia in 2015 and Calvin Klein has been trading in the market since 2002. Barnett said both brands were "going nuts" across the Tasman, resonating with the millennial consumer, and expected them to be received here similarly.

    "Even during Covid, our e-commerce has gone nuts. The stores that are open are trading well up on last year," Barnett told the Herald.

    "We hope these initial stores in Auckland are going to be so successful that we want to do more. We think there is a lot more potential."

    New Zealand's population size could service "at least" two stores of each brand, he said, but was coy about any plans underway or locations for future stores.

    The company's online businesses were growing at a significant rate, partly because of the onset of the Covid-19 pandemic, and it would launch local domain websites for both brands by November, Barnett said.

    "We're reading what the consumer wants, at the moment; they certainly like the physical showroom of a flagship ... but they probably don't need as many of them as they used to.

    "We're a little bit more guarded than we were six months ago in terms of the mix of physical stores and online. We're seeing such strong growth online - it's clearly what the consumer wants and we've got to take that into our decision making."

    PVH has a stock warehousing facility in Auckland, which it will eventually use to fulfil online orders. In the first instance, orders will be fulfilled from Sydney.

    The company operates a wholesale business in New Zealand through Smith & Caughey's and David Jones. Barnett said it would take some time for the two new stores to overtake that business as the breadwinner.

    The opening of the two stores would create 44 jobs this side of Christmas, he said.

    Barnett said PVH Brands had no worries or concerns about opening the Commercial Bay stores despite the borders being closed to cruise ships visitors and international tourists.

    When we saw the whole cruise thing shut down we didn't flinch; it doesn't make a big difference to our model or our concerns.

    "We actually don't really on tourism that much - it's not a big part of our demographic. We typically have a younger demographic than those cruise ships are filled with - the core demographic is 18 to 25."

    Barnett was unable to share any sales or visitor number forecasts for both stores before the company's half-yearly earnings result.

    Global retail sales of products sold under the Tommy Hilfiger brand were about US$9.2 billion ($13.8b) and US$9.4b ($14.1b) under the Calvin Klein brand in 2019.

    Van Hessen chain to set up shop

    Other brands in the PVH portfolio include Pierre Cardin, Nancy Ganz and men's suits and business wear brand Van Heusen, which is evolving to become more of a casual offering

    Van Heusen has a retail network of 16 stores in Australia and Barnett said PVH was looking into way it could expand that into New Zealand.

    He said the company would wait for Covid to be behind it before it looked to invest in physical stores, but it was "already on the lookout for retail opportunities" in the market.

    It was looking for high street and traditional shopping centre store locations, he said.

    Barnett said the company was not concerned about the impact Covid might have on its business under various restrictions in the New Zealand market.

    "We've set up our retail presence in New Zealand for the long term. What happens in the next six months isn't material to our long-term ambitions for retailing," he said.

    "Kiwis love fashion and big international brands, all evidence is that they are going to embrace our brands, and the four seasons New Zealand has really appeals to us for fashion [collections] and we think we're going to do well."

    The Tommy Hilfiger and Calvin Klein stores were originally planned to open alongside the official opening of Commercial Bay in March before the Covid-19 pandemic. However, the centre's opening was once again delayed and opened in June.

    The stores were unable to open in June because of a series of Covid-related delays including part of its store fit-out stuck in China.

    Retail analyst Chris Wilkinson said the Tommy Hilfiger and Calvin Klein stores at Commercial Bay would draw people into the centre after the initial fanfare it received when it opened in June.

    The presence of the well-known international brands, along with other big names in the centre, and when the transport works were complete, would replicate a similar world-class offering to that found in the likes of London and Sydney, he said.

    "The success of retail going forward is to be able to develop strong clusters where you have a lot of complementary offers within a smaller area, where consumers can have confidence going there to find a range of products and experiences."

    Wilkinson said he expected both brands would be successful in the New Zealand market.


    Source: NZ Herald. By: Aimee Shaw