PaknSave has come under fire for price variations in store with a 1kg block of the same brand cheese a staggering 60 per cent higher at its Mangere store c
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.