Independent Liquor buys Mill retail chain for undisclosed sum

Sun, 19 May 2013

By Paul McBeth May 20 (BusinessDesk) - Independent Liquor, whose Japanese owner Asahi is locked in a court battle over the $1.5 billion price tag it paid for the booze empire, is extending its reach into retailing by acquiring the Mill Liquorsave bottlestore chain. The Papakura-based company, which claims annual sales in excess of $300 million, will pay an undisclosed amount for the 35-store Mill chain in a deal expected to settle in the middle of the year, Independent said in a statement. The liquor company took a swipe at its rivals, sayi...

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