|Industry||Stock and Station Agency|
|Founded||Dunedin, New Zealand (business) (1861)|
(company) 28 March 1906
|Founder||John Wright and Robert Robertson|
|Defunct||ceased operations 1 July 1981|
|Fate||(business) merged with Fletcher Holdings Limited|
(company) dissolved 2000
|Successor||1 July 1981 Fletcher Challenge Limited|
Number of locations
|New Zealand, Australia, England |
Foundation and development
The business was begun in 1861 as Wright, Robertson, & Co. by partners John T. Wright and Robert M. Robertson as a result of a population boom fueled by the Otago Gold Rush. Robertson left in 1868 and was replaced by auctioneer John Stephenson. Wright and Stephenson retired from the company in 1899. Due to significant growth in the volume of its business activities, ownership was switched to a public listed company in 1906.
By 1972, just before merging with National Mortgage and Agency Company of New Zealand (NMA), it had developed 27 stock and station branches throughout New Zealand with more than 100 further sub-branches and agencies to service farming areas throughout the country. As well, by the time of its centenary in 1961, the company had established managerial offices in Melbourne and London, 15 sub-branches in Australia, and 4 sub-branches in Britain.
Following the January 1981 merger of Challenge with Fletcher Holdings and Tasman Pulp and Paper — which did not provide the desired financial stability — the Fletcher Challenge group was demerged in 2001.
The stock and station agency operations now form a core part of the business PGG Wrightson.
On behalf of its farming clients, Wright Stephenson handled the sale and auction of livestock, wool, land, grain and seed as well as provided services to meet a range of agricultural and pastoral requirements. The company also promoted local livestock by supporting national shows, breed societies, and pastoral associations.
Working capital and capital was provided to the farming industry together with advice on farm accounting, budgeting, taxation and estate planning.
To dilute the seasonal and cyclical nature of their activities in the wool trade, Wright Stephenson developed extensive interests held in:
- the motor vehicle industry including retail and wholesale trading and manufacturing
- home-appliance stores, a chain of more than a dozen throughout New Zealand's main centres
- warehouses engaged in the wholesale distribution of hardware, pharmaceuticals, veterinary supplies and general merchandise
- major holdings in a quoted company operating 27 department stores
- a joint venture developing shopping centres and major commercial buildings.
Stock and station agencies acquired
- W & G Turnbull & Co established 1857
- W Gunson & Co established 1881
- Abraham & Williams established 1884
- Wairarapa Farmers' Co-operative Association established 1868
This section does not cite any sources.(June 2019)
- ^ a b c A Century's Challenge: Wright Stephenson & Co. Limited 1861–1961, by J. C. Irving, 1961.
- ^ a b c d e "NMA Wright Stephenson Holdings Limited". The Times (58466). 1 May 1972. p. 20.
- ^ Challenge Corporation Limited. The Times, Thursday, 1 November 1973; pg. 26; Issue 58928
- ^ Page 4, Large Companies, Forming PGG Wrightson, Te Ara The Encyclopedia of New Zealand
Information as of: 17.08.2021 12:17:57 CEST
Source: Wikipedia (Authors [History]) License of the text: CC-BY-SA-3.0. Creators and licenses of the individual images and media can either be found in the caption or can be displayed by clicking on the image.
Changes: Design elements were rewritten. Wikipedia specific links (like "Redlink", "Edit-Links"), maps, niavgation boxes were removed. Also some templates. Icons have been replaced by other icons or removed. External links have received an additional icon.
Please note: Because the given content is automatically taken from Wikipedia at the given point of time, a manual verification was and is not possible. Therefore WikiFox.org does not guarantee the accuracy and actuality of the acquired content. If there is an Information which is wrong at the moment or has an inaccurate display please feel free to contact us: email.