Tall timber

Article Abstract:

New Zealand's largest forestry company, Carter Holt Harvey (CHH), has become a significant force in Australian wood, tissue and packaging businesses. The firm has 10% of its assets and 40% of its workforce in Australia. When John Faraci became CHH's chief executive in 1995, he bought the South Australian government's Forwood business for $130 mil. He is open to new investment opportunities in Australia.

Officials and employees, Forest products industry, Carter Holt Harvey Ltd., Faraci, John

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A profit in his time

Article Abstract:

Douglas Myers sold his 15.6% stake in beer company Lion Nathan Ltd to Kirin Breweries for $393 mil in 1998. In 1981 he borrowed $25 mil to gain control of Lion Breweries. He set out to stimulate New Zealand's economy, create jobs and improve the image of the country's liquor industry.

Finance, Brewing industry, Breweries, Lion Nathan Ltd., Myers, Douglas

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Shopping spree

Article Abstract:

AMP Asset Management will invest $300 million in the construction of a new mall designed to resemble a suburban street market. Investment activities of another mall owner, Westfield Holdings, are also discussed.

Retail trade, Investments, Shopping centers, AMP, Westfield Group Ltd.

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