Costco vs Pak nSave: Supermarkets ramp up on petrol stuff.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from stuff.co.nz Daily Mail and Mail on Sunday newspapers.
New Henderson Pak n Save opens despite lockdown stuff.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from stuff.co.nz Daily Mail and Mail on Sunday newspapers.
Supermarket musical chairs : 4 Pak nSave, New World stores said to be changing hands
21 Jan, 2021 04:34 AM
4 minutes to read
Supermarket store sales - big business. Photo / Greg Bowker Four upper North Island supermarkets worth tens of millions of dollars are being sold in a musical chairs-style of transactions triggered by the pending sale of what is thought to be New Zealand s biggest revenue-earning store.
Stores in the Foodstuffs North Island co-operative at Albany, College Hill, Birkenhead and Te Kuiti are said by insiders to be changing hands because owner/operators can only control one outlet at any one time.
All the deals are said to be triggered by the pending sale in August of Pak nSave Albany which is said by insiders to then spark ownership changes to New World Victoria Park and possibly New Worlds at Birkenhead and Te Kuiti.