Foodstuffs agrees to buy 21 stores from Asahi's The Mill to add to Liquorland chain

Jonathan Underhill
Thu, 08 Oct 2015

By Jonathan Underhill Oct. 8 (BusinessDesk) - Foodstuffs (NZ) part of the cooperative group that makes up New Zealand's biggest supermarket operator, has agreed to buy 21 stores from Asahi Group's Mill Retail Holdings, with plans to rebrand them as part of its franchised Liquorland chain. Foodstuffs didn't give financial details of the acquisition, saying some conditions of due diligence have still to be met before the sale can be finalised, at which point more information would be released. "In the meantime, I can confirm that no stor...

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