Ten Whitcoulls airport stores sold

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.

NZPA

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
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.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

NZAS Sign Long Term Contracts
Amended - IFT230 Maturity and Exchange for IFT350
Synlait forecast milk price update
Chorus submits 2023 fibre regulatory report
Infratil Infrastructure Bond Exchange Offer opens
May 31st Morning Report
NZAS and Mercury sign long-term agreement, creating opportunity for future investment in renewables
Meridian and NZAS sign long term contracts
ArborGen Holdings Results for Year Ended 31 March 2024
BAI - Full unaudited results to 31 March 2024