Foodstuffs disappointed as Countdown case moved to arbitration

Tue, 13 Aug 2019

By Victoria Young Aug. 13 (BusinessDesk) - Pak’nSave owner Foodstuffs said it is disappointed a fight over lease covenants will likely play out in secret, following a High Court ruling. Whether arbitration clauses with lessees transfer onto a new property owner was the key issue in a recent court decision involving the supermarket and its rival Countdown. Foodstuffs and associated companies brought the case against General Distributors, a property company for Countdown, over whether Pak’nSave can open up in a mall in Auckland’s Pakur...

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