Anchor buyer will take over national franchise network, Fonterra says

Anchor buyer will take over national franchise network, Fonterra says
Fonterra expects the divestment process to take up to 18 months. (Image: Supplied)
John Anthony
An Anchor distribution franchise has been put up for sale after Fonterra’s announcement it is considering selling the brand and the consumer business it falls under.The franchise business, listed a week ago with an asking price of $2.39 million, is described as being “in a sought-after coastal central North Island city”.Broker Mike Ponsonby of Kakapo Business Sales said the sale had nothing to do with Fonterra's announcement it was considering selling the brand. He would not comment further.It is one of 42 Anchor franchise...

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