* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Thursday, July 17, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Rough times for broadcast networks illustrate changing media landscape – New Haven Register

    Broadcast Networks Confront Turbulent Times in a Rapidly Changing Media Landscape

    Black River Entertainment Adds Traci Hite As Director Of Promotion, Southeast – MusicRow.com

    Black River Entertainment Welcomes Traci Hite as New Director of Southeast Promotion

    Entertainment Business Master’s Grad Launched Nonprofit to Nurture Emerging Artists – Full Sail University

    Entertainment Business Master’s Grad Launched Nonprofit to Nurture Emerging Artists – Full Sail University

    Review: At the Huntington, the New Hollywood String Quartet recalls legendary studio musicians – Los Angeles Times

    Review: At the Huntington, the New Hollywood String Quartet recalls legendary studio musicians – Los Angeles Times

    Kehoe repeals paid sick leave, allows several counties in the Ozarks to have entertainment districts in bill signings – KY3

    Kehoe repeals paid sick leave, allows several counties in the Ozarks to have entertainment districts in bill signings – KY3

    Emily Deschanel was scolded during “Bones” season 1 for being ‘late and unprepared’: ‘I was just beside myself’ – Yahoo

    Emily Deschanel was scolded during “Bones” season 1 for being ‘late and unprepared’: ‘I was just beside myself’ – Yahoo

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Victorville’s new gunfire-detecting technology already making strides, city says – NBC Los Angeles

    Victorville’s New Gunfire-Detecting Technology Is Already Making a Difference, City Officials Say

    Guest columnist: China cutting corners on technology – The State Journal

    China’s Rapid Tech Advances Spark Worries About Cutting Corners

    Sentrycs’ Cyber Over RF technology integrated into Rafael’s combat-proven Drone Dome system – Defence Industry Europe

    Sentrycs’ Cyber Over RF Technology Boosts Rafael’s Battle-Tested Drone Dome System

    Nordic Air Defence raises $3 million to expand operations and advance drone defence technology – Defence Industry Europe

    Nordic Air Defence Lands $3 Million to Transform Drone Defense and Supercharge Operations

    China’s energy dominance in three charts – MIT Technology Review

    How China Is Powering Its Energy Dominance: A Visual Breakdown

    Meta Acquires AI Startup PlayAI to Enhance Voice Technology Capa – GuruFocus

    Meta Acquires AI Startup PlayAI to Revolutionize Voice Technology Capabilities

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Rough times for broadcast networks illustrate changing media landscape – New Haven Register

    Broadcast Networks Confront Turbulent Times in a Rapidly Changing Media Landscape

    Black River Entertainment Adds Traci Hite As Director Of Promotion, Southeast – MusicRow.com

    Black River Entertainment Welcomes Traci Hite as New Director of Southeast Promotion

    Entertainment Business Master’s Grad Launched Nonprofit to Nurture Emerging Artists – Full Sail University

    Entertainment Business Master’s Grad Launched Nonprofit to Nurture Emerging Artists – Full Sail University

    Review: At the Huntington, the New Hollywood String Quartet recalls legendary studio musicians – Los Angeles Times

    Review: At the Huntington, the New Hollywood String Quartet recalls legendary studio musicians – Los Angeles Times

    Kehoe repeals paid sick leave, allows several counties in the Ozarks to have entertainment districts in bill signings – KY3

    Kehoe repeals paid sick leave, allows several counties in the Ozarks to have entertainment districts in bill signings – KY3

    Emily Deschanel was scolded during “Bones” season 1 for being ‘late and unprepared’: ‘I was just beside myself’ – Yahoo

    Emily Deschanel was scolded during “Bones” season 1 for being ‘late and unprepared’: ‘I was just beside myself’ – Yahoo

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Victorville’s new gunfire-detecting technology already making strides, city says – NBC Los Angeles

    Victorville’s New Gunfire-Detecting Technology Is Already Making a Difference, City Officials Say

    Guest columnist: China cutting corners on technology – The State Journal

    China’s Rapid Tech Advances Spark Worries About Cutting Corners

    Sentrycs’ Cyber Over RF technology integrated into Rafael’s combat-proven Drone Dome system – Defence Industry Europe

    Sentrycs’ Cyber Over RF Technology Boosts Rafael’s Battle-Tested Drone Dome System

    Nordic Air Defence raises $3 million to expand operations and advance drone defence technology – Defence Industry Europe

    Nordic Air Defence Lands $3 Million to Transform Drone Defense and Supercharge Operations

    China’s energy dominance in three charts – MIT Technology Review

    How China Is Powering Its Energy Dominance: A Visual Breakdown

    Meta Acquires AI Startup PlayAI to Enhance Voice Technology Capa – GuruFocus

    Meta Acquires AI Startup PlayAI to Revolutionize Voice Technology Capabilities

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

Who are New Zealand’s richest siblings, Zuru owners Mat and Nick Mowbray?

June 10, 2024
in Business
Who are New Zealand’s richest siblings, Zuru owners Mat and Nick Mowbray?
Share on FacebookShare on Twitter

No caption

Nick Mowbray.
Photo: Supplied

They’re the richest siblings in New Zealand, but how much do you really know about the Mowbrays?

Mat and Nick Mowbray have beaten long-standing richest man Graeme Hart to thetop of the NBR Rich List.

It estimates they are worth a combined $20 billion, compared to Hart’s $12.1b – although the NBR’s co-editor Hamish McNicol says even that might be underestimating them.

Turns out, there’s more to the story than just those colourful little balloons that litter gardens across the country every summer.

Here’s what you need to know.

Who are they?

Brothers Mat and Nick Mowbray wholly own Zuru – a toy, consumables and potentially construction firm.

Their sister, Anna, was previously an owner but she has since left the business with what she has described in media interviews as a “significant cash out” and has started a new recruitment app, Zeil. It’s been billed as Tinder for jobs.

Nick Mowbray and his partner Jaimee Lupton also cofounded Monday Haircare.

Where are they from?

The siblings grew up near Cambridge but they now own the former Kim Dotcom mansion in Coatesville, Auckland, which they bought in 2016 for $32 million.

Anna Mowbray has also made headlines over her plans to put in a helipad on her property on the waterfront of Auckland’s Westmere. She owns it with her partner, former All Black Ali Williams.

How did they get started in business?

A science fair hot air balloon kit made by Mat from a coke can and a plastic bag is part of Zuru lore.

It was the first of their constructions, and they began making and selling more of them, eventually getting them into local shops.

In the early 2000s, Mat and Nick – dropping out of university where he was doing a law degree – decided to go all-in and moved to a remote part of Guangzhou, China, where they began manufacturing toys.

Anna followed a few years later. The siblings tell the story of doing it tough for several years – including sleeping under a table in the Hong Kong showroom – before they managed to get a break when Walmart took an interest.

How much money do they make?

In an interview with the NBR, published last week, 39-year-old Nick said Zuru was on track to hit $3b revenue this year, with a plan to grow to $10b of annual turnover within the next five years.

Apart from a $20,000 initial loan from their parents, the business reportedly has no outside investment.

On the website NZ Inc, it says Zuru has opted for “an organic growth strategy that has seen the business finances completely internally”.

What do they make?

Yes, Zuru is responsible for those Bunch O Balloons water balloons that fill up from your garden tap en masse. But its breakthrough hit was the Robo Fish, a toy fish that moves when it hits water.

Zuru also produces X-Shot guns and Rainbocorns.

Lately, Zuru has been branching out into other areas. Zuru Edge produces consumer goods such as pet care, beauty, baby care and health and wellness products. Zuru Tech is a project aiming to automate property construction.

The Coatesville mansion once owned by Nick Mowbray

The Coatesville mansion once owned by Nick Mowbray
Photo: Barfoot & Thompson

Why have they been so successful?

Chris Wilkinson, from First Retail Group, credits the Mowbrays’ “tenaciousness”.

“Right from that story when they set up in Hong Kong – they camped in their office, they chased those opportunities, they knew they needed to be in that area because that’s where the buyers were for those big brands.

“They’ve done some edgy things too, potentially crossed a few boundaries with the likes of Lego at various stages,. They’ve had some distinct wins, they’ve captured people’s imaginations. They’ve used those to strategically engage the eyes, ears and hearts of the big brands – the Walmarts etc – once they’ve got them they’ve had the tenaciousness about keeping those relationships.”

He said the Zuru US office was in Bentonville, where Walmart is also headquartered.

“That reflects the scale of that customer to their overall business.”

Bodo Lang, a marketing expert at Massey University, said Zuru had a pattern of entering categories it expected to be able to disrupt.

“They conduct research into product categories where they believe they can provide value for consumers. This value may mean lower prices, and/or better quality. Once they have identified such an opportunity their other strength comes into play: efficient production.

“My understanding is that in the early days, Zuru used to outsource production. However, more recently they have focused on developing their own production facilities and making these highly efficient. Either way, not being weighed down by traditional production systems allowed them to be lean and mean in the early years and that has helped to re-invest capital into new product development and marketing. So there is a focus on continuous innovation.

The last piece of the puzzle is ambition. The owners of Zuru have been outspoken about their ambitions to be “the next Apple, Google, or Tesla”. And the comparison is valid: ambition, marketing, and innovation are all aspects they share with these giants.”

What are the controversies?

In 2022, Zuru won a court case against Glassdoor. A Californian judge said the company had to reveal the identities of people who posted negative reviews about Zuru as an employer. The court found that because the employees were most likely New Zealand citizens, they could not rely on US free speech laws.

In 2023, it lost a legal fight with Lego. It had been making claims on its packaging that its cheaper plastic blocks were compatible with Lego, which Lego said was infringing on its trademark.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : RNZ – https://www.rnz.co.nz/news/national/519138/who-are-new-zealand-s-richest-siblings-zuru-owners-mat-and-nick-mowbray

Tags: businessRichestZealand’s
Previous Post

Air New Zealand halts flights to Nouméa until September due to unrest in New Caledonia

Next Post

Kalki 2898 AD’ Teases with Deepika Padukone’s New Poster; Trailer Release Tomorrow!

Roughly 6 in 10 Americans oppose Trump’s megabill, CNN poll finds – CNN

Nearly 6 in 10 Americans Stand Against Trump’s Megabill, New Poll Reveals

July 17, 2025
Ask the Developer Vol. 19: Donkey Kong Bananza — Part 2 – Nintendo

Inside Donkey Kong Bananza: Developer Insights Vol. 19 – Part 2

July 17, 2025
2025 British Open tee times, pairings: Complete schedule, groupings for Round 1 on Thursday at Royal Portrush – CBS Sports

2025 British Open tee times, pairings: Complete schedule, groupings for Round 1 on Thursday at Royal Portrush – CBS Sports

July 17, 2025
Rabbi Yonatan Neril: Founder of Israel’s interfaith NGO linking religion and ecology – The Jerusalem Post

Rabbi Yonatan Neril: Founder of Israel’s interfaith NGO linking religion and ecology – The Jerusalem Post

July 17, 2025
‘Aurora,’ new super computer at Argonne National Lab to help solve science’s biggest problems – FOX 32 Chicago

‘Aurora,’ new super computer at Argonne National Lab to help solve science’s biggest problems – FOX 32 Chicago

July 17, 2025
Israel and US to forge $200m tech hub for AI and quantum science development – The Times of Israel

Israel and US Unite to Launch $200M Tech Hub Driving AI and Quantum Science Breakthroughs

July 17, 2025
AC Milan and PUMA Golf Tee Off with a Lifestyle-Driven Capsule Collection – stupidDOPE

AC Milan and PUMA Golf Tee Off with a Lifestyle-Driven Capsule Collection – stupidDOPE

July 16, 2025
Donald Trump reaps $50bn tariff haul as world ‘chickens out’ – Financial Times

Donald Trump reaps $50bn tariff haul as world ‘chickens out’ – Financial Times

July 16, 2025
China GDP: Economic growth beats expectations as Trump tariffs loom – BBC

China’s Economy Soars Past Expectations Despite Threat of Trump Tariffs

July 16, 2025
Iconic ’90s Singer’s Latest Announcement Is an Early Invite to ‘Rock Around the Christmas Tree’ – Yahoo

Iconic ’90s Singer Scores Early Invite to Rock Around the Christmas Tree Celebration

July 16, 2025

Categories

Archives

July 2025
MTWTFSS
 123456
78910111213
14151617181920
21222324252627
28293031 
« Jun    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (724)
  • Economy (747)
  • Entertainment (21,633)
  • General (15,938)
  • Health (9,785)
  • Lifestyle (755)
  • News (22,149)
  • People (749)
  • Politics (759)
  • Science (15,965)
  • Sports (21,246)
  • Technology (15,730)
  • World (731)

Recent News

Roughly 6 in 10 Americans oppose Trump’s megabill, CNN poll finds – CNN

Nearly 6 in 10 Americans Stand Against Trump’s Megabill, New Poll Reveals

July 17, 2025
Ask the Developer Vol. 19: Donkey Kong Bananza — Part 2 – Nintendo

Inside Donkey Kong Bananza: Developer Insights Vol. 19 – Part 2

July 17, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version