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25 Feb 2021 7:02
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  •   Home > News > Business

    Four upper North Island supermarkets sold in musical chairs-style of transactions

    Four upper North Island supermarkets worth tens of millions of dollars are being sold in a musical chairs-style of transactions


    It's been triggered by the pending sale of what's thought to be the country's biggest revenue-earning store.

    Insiders say Foodstuffs stores in Albany, College Hill and Birkenhead in Auckland -- and in Te Kuiti -- are changing hands because owner-operators can only control one outlet at any one time.

    The deals appear to have been sparked, by the pending sale of Pak'n'Save Albany later this year.

    © 2021 Newstalk ZB, NZCity


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