The Warehouse’s plight in five charts

The Warehouse Group employs an estimated 11,000 people. (Image: NZME)

Fri, 26 Jul 2024

This week kicked off with a signal The Warehouse Group drama may be approaching its next plot twist. On Monday, the group issued a don’t sell notice on the New Zealand Exchange (NZX) after it received an approach from Sydney-based private equity firm Adamantem Capital Partners to acquire all of the shares group founder Sir Stephen Tindall doesn’t own. Tindall has backed the proposal with a 27% personal stake plus another 21.31% through his foundation. The situation remains in flux, but if shareholders approve Adamante...

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