Foodstuffs disappointed as Countdown case moved to arbitration

Foodstuffs disappointed as Countdown case moved to arbitration
Victoria Young
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...

More Retail

The Warehouse’s plight in five charts
Retail Charts

The Warehouse’s plight in five charts

The private equity bid shows the company’s future is still anyone’s guess.

Gregor Thompson 26 Jul 2024
Serato and AlphaTheta have abandoned deal
Retail

Serato and AlphaTheta have abandoned deal

The CMA said it has received written assurances from the parties. 

Rebecca Howard 24 Jul 2024
Warehouse share trading complaint filed
Retail

Warehouse share trading complaint filed

The Warehouse had confirmed a buyout proposal had been lodged.

Gregor Thompson 24 Jul 2024
Stephen Tindall supports Warehouse takeover offer
Retail

Stephen Tindall supports Warehouse takeover offer

Bid from Australian private equity firm values shares at between $1.50 and $1.70.