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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

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