Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


FGC welcomes proposed Foodstuffs merger


FGC welcomes proposed Foodstuffs merger

The New Zealand Food & Grocery Council (FGC) welcomes the proposed merger, announced today, of the two Foodstuffs co-operatives in the North Island which operate grocery brands New World, PAK’nSAVE and Four Square.

FGC CEO Katherine Rich said the move, which is subject to consultation with Auckland and Wellington members, court approval, and regulatory compliance, and follows work by the boards of the two New Zealand owned co-operatives, was a positive one.

“Suppliers should benefit from dealing with one company instead of two, as well as faster decision-making.

“There will be synergies, and this seems to be a logical step in grocery retailing in the North Island.

“FGC looks forward to working with Managing Director-designate Murray Jordon, the present Managing Director of Foodstuffs (Auckland) Ltd, on issues of mutual interest that affect the food and grocery industry."
ends

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Budget Building Battle: Bill English Blames Council On Housing

The Nation: Finance Minister blames Auckland Council for housing shortage, saying it is responsible for land, housing and infrastructure supply in the city, while government provides rental subsidies... More>>

ALSO:

Megiaglommeration: NZME And Fairfax Apply For Authorisation To Merge

The Commerce Commission has received an application from Wilson and Horton Limited (trading as NZME) and Fairfax NZ Limited seeking authorisation to merge their media operations in New Zealand. More>>

ALSO:

Brewing: Lion To Buy Cult Upper Hutt Brewer Panhead

Lion - Beer, Spirits and Wine (NZ), New Zealand's biggest beer maker, has agreed to buy Panhead Custom Ales from the family of founder Mike Neilson, its second such purchase of a popular craft brewer after the acquisition of Dunedin-based Emerson's Brewing Co in 2012. More>>

ALSO:

Half Empty: Fonterra's 2017 Opening Forecast Below Expectations

Fonterra Cooperative Group raised its forecast farmgate milk payout for next season by less than expected as the world's largest dairy exporter predicts lower prices will crimp production and supply will pick up. The New Zealand dollar fell. More>>

ALSO:

Pest Control: Mouse Blitz Team Leaves For Antipodes

The Million Dollar Mouse project to rid Antipodes Island of mice is underway with the departure of a rodent eradication team to the remote nature reserve and World Heritage Area. More>>

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news