Tegel IPO

[RTM]

Looks like being bought out did not make Tegal any luckier.

https://i.stuff.co.nz/business/11676...virus-outbreak

Holders have dodged a bullet.

I was trying to forget about these guys, thanks for the reminder. ��

[winner69]

Wonder how Tegel going these days

https://www.rnz.co.nz/news/country/4...-by-10-percent

[Ricky-bobby]

How good is that Louisiana chicken?! Gives kfc a run for its money

[winner69]

Seems the Tegal takeover was really a get out of jail card after all

Still a bit of a disaster

https://www.nbr.co.nz/business/turni...e-tegel-train/

Prob paywalled

[Sideshow Bob]

Business Desk reporting this morning Tegal have turned a corner for Bounty Foods - made $3.6m after a loss of $10.12m in 2022.

[Balance]

Business Desk reporting this morning Tegal have turned a corner for Bounty Foods - made $3.6m after a loss of $10.12m in 2022.

It is damn hard if not impossible to know just how profitable (or not) overseas owned businesses are when they operate in NZ with our pathetic tax enforcement regime. It is normal practice for the parent companies to extract all manner of fees (management, consultancy, service etc etc) and use transfer pricing (refer Apple & Google) to reduce their profits and hence, relatively high taxes in NZ.