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19 Feb 2025 22:20
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  •   Home > News > Business

    Excitement over a possible takeover of The Warehouse Group, by company founder Sir Stephen Tindall

    Excitement over a possible takeover of The Warehouse Group, by company founder Sir Stephen Tindall


    He and an Australian private equity firm are understood to be making a pitch to buy the retail group, which has been shedding assets and laying off staff in response to falling sales.

    Shares in the company have plunged from above four-dollars to below one-dollar over the past three years.

    But JMI Wealth Director Andrew Kelleher says the share price has turned around noticeably in the past day, up about 25-percent at close of trade yesterday.

    He says for now, it's a case of watch-and-see what happens.

    © 2025 Newstalk ZB, NZCity

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