Ngai Tahu to rebrand honey unit after another poor year
South Island iwi accepts problems at the honey firm were underestimated.
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Ngai Tahu will ditch the name of its honey unit, Watson & Son, named after its founder Denis Watson, as it tries to stabilise its performance amid steady results in other divisions.
Ngai Tahu Holdings, the iwi’s commercial unit, posted a $47.8 million operating surplus for the year to June
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