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1 Mar 2026 9:52
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      Home > News > Business

    A huge day for an iconic West Coast brand

    A huge day for an iconic West Coast brand


    Westland Dairy shareholders today vote on whether to sell the under-performing co-op to Chinese dairy giant, Yili .

    They're being offered three dollars 41 a share.

    Federated Farmers dairy spokesperson, Chris Lewis, says a lot of people will likely be voting with their head, not their heart.

    He says this is probably an emotional day for suppliers, but sadly financial circumstance means something's happening, when it shouldn't.

    Documents suggest former suppliers who've exited the co-op might wait years to see the 11-million-dollars they're owed.

    © 2026 Newstalk ZB, NZCity

     Other Business News
     28 Feb: It's been revealed UK supermarket giant Tesco, declined the Finance Minister's invitation for a meeting to discuss the issues in our grocery sector
     28 Feb: The average Auckland ratepayer will be paying an average of 320 dollars more a year, if the council's annual plan passes
     27 Feb: Retail NZ says there could be complications created by new gift card rules
     27 Feb: Rocket Lab's continuing to thunder to new heights, posting a record revenue of 300 million New Zealand dollars in the last three months of 2025
     27 Feb: The figures showing the number of people crossing the Tasman may look worse than they actually are
     27 Feb: Queenstown's Millbrook Resort's had a record year for property sales, hotel stays, and golf rounds
     27 Feb: Air New Zealand's fresh focus is resetting the business - after hitting some financial turbulence
     Top Stories

    RUGBY RUGBY
    Coach Rob Penney believes the Crusaders' 43-33 Super Rugby win over the Chiefs in Hamilton will do their confidence the world of good More...

    BUSINESS BUSINESS
    It's been revealed UK supermarket giant Tesco, declined the Finance Minister's invitation for a meeting to discuss the issues in our grocery sector More...


     Today's News

    		 Rugby:
    Coach Rob Penney believes the Crusaders' 43-33 Super Rugby win over the Chiefs in Hamilton will do their confidence the world of good 9:47

     International:
    Israel and US attack Iran, sparking retaliatory strikes. Here's what we know 9:47

     Motoring:
    It's believed there's been injuries from a single-vehicle crash on State Highway 1, Taihape, to the north of Spooners Hill 9:27

     International:
    Israel and US attack Iran live updates: Netanyahu says there are 'many signs' Iran's supreme leader 'is gone' 9:07

     National:
    US-Israeli attack on Iran risks plunging the world into turmoil 8:17

     Politics:
    Over 800 New Zealanders are expected to join this month's challenge to support families at Ronald McDonald House 8:17

     National:
    Iran has been attacked by US and Israel when peace was within reach 8:07

     Soccer:
    Everton have scored late to beat Newcastle 3-2 in football's Premier League 8:07

     Health & Safety:
    Numerous medications are becoming more accessible as Pharmac funding calls come into force 7:57

     Cricket:
    Just one semi-final spot is still up for grabs at cricket's T20 World Cup on the sub-continent 7:37

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