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Foodstuffs

Sleepy suburb latest supermarket war battleground

DNZ sells Auckland property for $18m

DNZ says it will use the proceeds to repay bank debt ahead of the purchase of three Foodstuffs supermarkets.

DNZ buys three Foodstuffs supermarkets for $40 million

DNZ celebrates long-term leases with "excellent" growth potential.

200 jobs go in Christchurch as supermarkets close

More than 200 supermarket workers in Christchurch have lost their jobs because the New World supermarkets at Redcliffs and St Martins in Christchurch will not reopen after last week's devastating earthquake.

Kaiapoi supermarket wiped out by the quake

The South Island earthquake has destroyed New World in Kaiapoi beyond repair, leaving more than 80 employees jobless.

The supermarket was run by locals Andrew and Jacqui Palmer and employed 34 fulltime and 52 part time staff.

The damage caused by Saturday's earthquake is so severe it is not viable to save the building. It will take at least one year to build and open a new one, which Foodstuffs - New World's parent company - plans to do.

Grocery giant hits $8bn in sales, pays out $339m