Palm food and drink company ‘In talks’ with Wellington city over expansion into new market, says spokesperson in an email to Business Insider.
Palm is the largest private sector producer of edible palm oil in New Zeland.
“We’re in talks with Wellington City over the potential to develop our new Palm Foods restaurant at the intersection of Glencoe and the City, and we are exploring all options for the site,” the spokesperson said.
The company is currently expanding into the Tasmanian town of Gisborne, but has yet to confirm a location in New Zealander’s most popular tourist destination.
The spokesperson confirmed that the company is “in talks with Glencoe Borough Council over the possible acquisition of the current land on the southern end of Glenecrest, to develop a brand new business development that will provide additional economic opportunity to the region”.
The spokesperson declined to confirm whether Palm Foods had any existing food and beverage business in the New Zealand market.
Palm Foods is one of the largest food and drinks companies in the world, with more than 100 food and beverages brands.
Palm products include a range of foodstuffs, palm oil and other ingredients used in cooking.
Palm has been a food and foodstuff manufacturer in the United States for more than 80 years.
Palm currently owns and operates restaurants in seven US states: California, Colorado, Florida, Illinois, Indiana, Louisiana, Maryland, Massachusetts, Minnesota, Missouri, New York and New Jersey.
The restaurant is also the only restaurant in the US to feature a palm tree.
The Palm Foods logo was introduced in 2006.
The palm tree logo is a cross between a coconut and an apple.