Sharechat Logo

Ten Whitcoulls airport stores sold

Thursday 7th April 2011

Text too small?

Ten Whitcoulls stores at New Zealand airports have been sold by the administrator of their Australian owner.

The buyer is another Australian owner - LS Travel Retail Pacific, a travel retail specialist. The price was not disclosed.

The administrators of REDgroup Retail, which owns Whitcoulls, Borders New Zealand and Bennetts stores, have been conducting a sale process and they have shut some stores in Australia.

The Whitcoulls stores sold today are located at Auckland, Wellington, Christchurch and Rotorua airports.

The stores will be rebadged under the Relay brand over coming weeks.

The REDgroup business in New Zealand has 63 Whitcoulls, five Borders and nine Bennetts stores. Final bids for these stores are due this month.



  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

Freightways Limited (NZX: FRE) Acquisition of ProducePronto
19th October 2021 Morning Report
PGG Wrightson Limited (NZX: PGW) Guidance Update
Vital Limited (NZX: VTL) Provides Update on PSN LMR
18th October 2021 Morning Report
T&G Global Limited (NZX: TGG) FY21 Earnings Guidance Update
Arvida Group Limited (NZX: ARV) Successful Completion of $155m Placement
FreshLeaf: Cannabis on course to be 'medicine of the masses'
Arvida Group Limited (NZX: ARV) to Acquire Arena Living Retirement Living Portfolio
My Food Bag Group Limited (NZX: MFB) Market Update and HY Results Announcement Date