Latest news with #Anchor
Otago Daily Times
2 days ago
- Business
- Otago Daily Times
Finance Minister Nicola Willis wants answers over high butter price
The price of a block of butter is now 120% higher than it was a decade ago, according to Stats NZ. Finance Minister Nicola Willis will be asking dairy giant Fonterra about the high retail price of butter in New Zealand. Willis told RNZ's First Up programme this morning it didn't seem quite right that butter seemed to be cheaper in Australian supermarkets. The price of a block of butter is now 120% higher than it was a decade ago, according to Stats NZ. In the year to June, it was up 46.5% to $8.60 for a 500g block. At her regular meeting with the co-operative this week she would be discussing what gets added to the cost by retail brands, including Fonterra's Anchor, and at the wholesale level. Finance Minister Nicola Willis. Photo: RNZ "My frustration has been when you sometimes go on to an Australian supermarket website and see that butter appears to be cheaper there than in New Zealand, that doesn't seem quite right. So that's exactly the conversation I want to have. "They'll have the opportunity to set out their case." It was well understood the main driver of prices for dairy products was international demand and pricing, Willis said. "But competition at the retail level does seem to have an effect on price, because organisations like Costco choose to have a really low price point on that product to get people in the door and the ultimate winner of all of that is the Kiwi shopper. "So I'm talking to Fonterra about what they're seeing in terms of the supermarket pricing behaviour, what the margins are." In May, Costco Auckland's special pricing saw queues out the door. Federated Farmers dairy chair Karl Dean has urged retailers to lower prices quickly when costs go down, and said there was probably very little Fonterra itself could do. "To put in it in perspective, there hasn't been any new players onto the domestic market in the last 10 years in terms of butter, other than the likes of Westgold - Westland have got their very premium product," he told RNZ's Morning Report programme last week.
Otago Daily Times
2 days ago
- Business
- Otago Daily Times
Willis wants answers over high butter price
The price of a block of butter is now 120% higher than it was a decade ago, according to Stats NZ. Finance Minister Nicola Willis will be asking dairy giant Fonterra about the high retail price of butter in New Zealand. Willis told RNZ's First Up programme this morning it didn't seem quite right that butter seemed to be cheaper in Australian supermarkets. The price of a block of butter is now 120% higher than it was a decade ago, according to Stats NZ. In the year to June, it was up 46.5% to $8.60 for a 500g block. At her regular meeting with the co-operative this week she would be discussing what gets added to the cost by retail brands, including Fonterra's Anchor, and at the wholesale level. Finance Minister Nicola Willis. Photo: RNZ "My frustration has been when you sometimes go on to an Australian supermarket website and see that butter appears to be cheaper there than in New Zealand, that doesn't seem quite right. So that's exactly the conversation I want to have. "They'll have the opportunity to set out their case." It was well understood the main driver of prices for dairy products was international demand and pricing, Willis said. "But competition at the retail level does seem to have an effect on price, because organisations like Costco choose to have a really low price point on that product to get people in the door and the ultimate winner of all of that is the Kiwi shopper. "So I'm talking to Fonterra about what they're seeing in terms of the supermarket pricing behaviour, what the margins are." In May, Costco Auckland's special pricing saw queues out the door. Federated Farmers dairy chair Karl Dean has urged retailers to lower prices quickly when costs go down, and said there was probably very little Fonterra itself could do. "To put in it in perspective, there hasn't been any new players onto the domestic market in the last 10 years in terms of butter, other than the likes of Westgold - Westland have got their very premium product," he told RNZ's Morning Report programme last week.
Irish Post
2 days ago
- Business
- Irish Post
Future of historic city pub in Birmingham secured by local Irish landlord
AN HISTORIC pub in Birmingham city centre will be preserved for the future after being taken on by a local Irish publican. The Anchor Digbeth – a Victorian pub located in Birmingham's Irish Quarter – has been closed for nearly three months, but will reopen next month under a new operator. Peter Connolly, who runs nearby bar and music venue Nortons Digbeth, has taken on the late-19th century Rea Street pub, pledging to 'restore the city gem'. New landlord of The Anchor Digbeth Peter Connolly (Pic: Dave Henderson) 'It's a great honour to take on The Anchor; a legendary pub which has always held a special place in my heart,' he said this week. 'I sampled my first proper cask ale in the Anchor many years ago and have used it regularly to meet family and friends, and with our staff on industry nights.' He added: 'The Anchor is a hugely significant pub in terms of tradition and heritage. It's a must-visit for cask fans, having won CAMRA pub of the year three times. 'It's a pub with huge community ties, and we appreciate how much the building means to so many people which is why we have now started work to restore the Anchor to its original glory." Owner and former licensee of The Anchor Gerry Keane (Pic: Dave Henderson) The Anchor, which is a Grade II listed building, was designed by James and Lister Lea. It claims to be one of the oldest continuous public house licences in Birmingham, dating back to 1797. Mr Connolly plans to revive the building's original interior and exterior features including the original bar fittings, pincushion leather bench seating and brass fixtures. The renovation will also introduce new elements, alongside revitalising The Anchor's original snug and lounge bars. Gerry Keane, who is the current owner of the pub, said he is looking forward to the changes Mr Connolly has planned for the venue. 'Peter shares my love for this very special building, as well as an ambition to restore it and see it secure its place as a jewel of the Irish Quarter,' he said. 'I look forward to seeing The Anchor Digbeth develop over the coming months and years.' 'We thank Julian Rose-Gibbs for taking charge of The Anchor for the last eight years.' Located in Rea Street, Digbeth, over the years the pub has become a popular venue for craft and real ale fans, and many artists from the city's cultural and creative communities. See More: Birmingham, Digbeth, Peter Connolly, The Anchor
Hypebeast
7 days ago
- Entertainment
- Hypebeast
Clipse and Josh Sperling Debut Limited Edition 'Let God Sort Em Out' Collection
Summary Josh SperlingandClipsehave teamed up for a limited edition run ofLet God Sort Em Outmerch. The release features a selection of apparel and vinyl LP, with a Cross and Anchor motif heavily integrated into the designs. 'The Cross and the Anchor. The Cross to represent sin, death and faith. The Anchor to represent strength and stability in unknown waters,' Sperling wrote on Instagram. 'Two symbols for two brothers.' A black T-shirt features the Anchor insignia on the front chest while the white offering sees the Cross. Both logos are placed on the back of each T-shirt, with the Clipse emblem redesigned to match the motif. Meanwhile, the whiteLet God Sort Em Outvinyl LP arrives with Sterling's original artworkClipse Cursive, housed in a black sleeve with the insignia. Check out the collaborative merch above.
Yahoo
10-07-2025
- Business
- Yahoo
Former home of the Anchor restaurant has a new owner after nail-biter auction
As the clock ticked town, the price went up. And up. And up. And now, the former home of the Anchor at 1109 E. Douglas and the two buildings next to it have a new owner — although that new owner has not yet been identified. On Wednesday afternoon, an auction for the building and its contents concluded in nail-biting fashion — for someone. Braden McCurdy, who conducted the online auction for his McCurdy Real Estate & Auction Services, said he could not provide the name of the winner without permission. But when the auction countdown clock expired at 2:30 p.m., the high bid was $1,775,000. The bid shot up from $1,750,000 with one minute and 12 seconds left on the auction clock. About an hour after the auction closed, McCurdy updated the auction website to say that the property was sold for $1,952,500, which is the $1,775,000 bid plus a 10% buyer's premium. The Eagle reached out to three local business people who'd been bidding on the property, but all said they had not won the auction and did not know who had. Meanwhile, a second auction for the contents of the buildings — kitchen equipment, the famous Anchor neon sign, tables and chairs — that was scheduled to end 15 minutes after the first auction was paused in the final seconds, when the bid had reached $40,000. About an hour later, McCurdy updated the auction page to say that the final price had been $44,000. On Thursday of last week, after McCurdy put on an open house at the properties, the high bid on the three buildings was $500,000. At the time, the reserve price for the business assets and fixtures that made up the second auction was $75,000 and had not yet been met. Throughout the day on Wednesday, the high bid on the buildings slowly crept up from $1 million at 9:40 a.m. to $1.1 million at 10:50 a.m. to $1.4 million at 2 p.m. Minutes later, the bid reached $1.7 million then $1.75 million. Meanwhile, the reserve price on the equipment and business assets had fallen from the original $75,000 to $35,000 at 9:40 a.m. Wednesday. That price was finally met after the property auction ended, then the bid for the equipment and business assets went up to $40,000 before the auction was paused. The grand total of the sale was $1,996,500. The Anchor, which owner Schane Gross originally opened in 2004, had been closed for several weeks when, on April 30, agents from the Kansas Department of Revenue showed up to seize the restaurant, the two properties attached to it at 1113 and 1115 E. Douglas, and all of the buildings' contents. A few days later, the Kansas Department of Revenue issued a news release that said it had executed warrants for nonpayment of sales, withholding and liquor drink tax totaling $32,549.07. The release also said that the seized assets would be sold at a public auction and that proceeds would pay for delinquent taxes. On Wednesday afternoon, a spokeswoman for the Kansas Department of Revenue said that any money raised from the auction that is above the tax debt owed would either be returned to the former property owner or sent to other creditors. Watch for updates about the new owners of the buildings as information becomes available. Potential buyers walk through the Anchor space ahead of upcoming auction The Anchor in Wichita has been seized by state officials for nonpayment of taxes Owner of Wichita restaurant that closed after 5 months reflects on what went wrong
