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16 May 2024

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Developer facing $93,000 fee to refurbish central city building following council blunder
The company behind the refurbishment of the former Kirkcaldie & Stains building in Wellington is facing an unexpected $93,000 bill.

Brierley's Mercantile crosses 90% threshold in Wellington Merchants takeover
Ron Brierley's Mercantile NZ has crossed the 90 percent threshold in its takeover bid for Wellington Merchants, formerly known as Kirkcaldie & Stains, triggering provisions to mo-up the remaining shares

Brierley's takeover bid for Kirks accepted by the majority of its owners
Sir Ron Brierley has declared his takeover bid for the remnants of Kirkcaldie & Stains unconditional.

Brierley's stake in cashed-up Kirks rises to 11%
Ron Brierley's Mercantile Investments has increased its stake in cashed-up former Wellington department store Kirkcaldie & Stains to 11.3 percent as he seeks to take control of its remaining assets

Brierley makes new offer for Kirkcaldie assets at 7% premium
Ron Brierley's Mercantile NZ has given notice of a new offer for the cashed-up former retailer Kirkcaldie & Stains, amounting to a 7 percent premium on its last traded price but still below the wash-up value of the business

Kirkcaldie & Stains changes name to Wellington Merchants
Kirkcaldie & Stains has changed its name to Wellington Merchants Limited ahead of David Jones opening in the capital.

Pattrick Smellie: Shops - they’re not dead yet
OPINION: After months of anticipation, the wraps will finally come off Wellington's top-end department store, formerly Kirkcaldie & Stain's, to reveal a makeover under the livery of Australia's David Jones.

Kirkcaldie board holds firm on Brierley bid after ditching lease
Kirkcaldie & Stains' directors reiterated their recommendation that shareholders reject veteran corporate raider Sir Ron Brierley's takeover offer after raising their estimate for the cash that will be returned once lease commitments...

Quake-prone Harbour City Centre building to be redeveloped and strengthened
A quake-prone building once owned by Wellington department store Kirkcaldie & Stains will be refurbished and strengthened at a cost of $25 million.

Receiver selling undeveloped Lower Hutt site linked to former Kirkcaldie & Stains chairman
An abandoned site in Wainuiomata partly owned by former Kirkcaldie & Stains chairman Falcon Clouston is up for receivership sale.

Kirkcaldie & Stains shareholders urged to to accept Brierley takeover offer
Kirkcaldie & Stains shareholders have been urged to accept the latest takeover bid from Sir Ron Brierley.

Directors of Wellington Merchants, formerly Kirks, recommend latest Brierley offer
The directors of Wellington Merchants, formerly known as Kirkcaldie & Stains, have recommended its shareholders accept Ron Brierley's latest takeover offer, with the two largest shareholders indicating they will do so

New takeover bid by Sir Ron Brierley for Kirks shell
Sir Ron Brierley is having another crack at taking over what is left of Kirkcaldie & Stains, upping his offer to $3.45 per share.

David Jones opens new Wellington store today
The wait is over for Kiwi shoppers as Australian retail giant David Jones opens the doors to its new Wellington store this morning.The store on Lambton Quay is in the building which once housed the venerable Kirkcaldie & Stains...

David Jones, what Kirkcaldie & Stains wished it could be
On Sydney's Elizabeth St, visitors to David Jones are greeted by a pianist, playing Beyonce's Halo on a baby grand piano.

Shops aren't dead yet - they’re only resting: Pattrick Smellie
OPINION: After months of anticipation, the wraps will finally come off Wellington's top-end department store, formerly Kirkcaldie & Stain's, to reveal a makeover under the livery of Australia's David Jones.

Sir Ron's bid for Kirkcaldie & Stains fails after shareholders refuse to sell
Sir Ron Brierley's takeover bid for what is left of Kirkcaldie & Stains has been ended after his offer lapsed.

Brierley's tilt at cashed-up Kirkcaldie lapses after shareholders reject offer
Veteran corporate raider Ron Brierley's bid for Kirkcaldie & Stains has lapsed after he failed to attract enough acceptances from shareholders of the cashed-up retailer