One of this country s highest revenue-earning supermarkets has been sold to a former shelf stacker - 29-Jul-2021 nzcity.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nzcity.co.nz Daily Mail and Mail on Sunday newspapers.
Three new Farro Fresh stores planned, $100m revenue forecast to be topped this year
27 Jan, 2021 04:38 AM
4 minutes to read
Farro Fresh plans to open three new stores and to exceed $100 million revenue for the first time this year. Chief executive Bryce Howard detailed the chain s financials and expansion plans from six to nine stores.
But Tauranga and Hamilton don t yet feature on the boutique food business radar, Howard saying Auckland remains the sole focus for growth at this stage.
But never say never. We are targeting three areas of Auckland. Real estate is the hardest part, leasing the properties. We want to lease those properties and have three new Farro stores. We have the capacity to do at least one new store a year, Howard said.
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.