Whitcoulls airport shops sold to Australian retailer
The 10 Whitcoulls airport bookstores have been sold to Australian-based travel retail specialist LS Travel Retail Pacific for a confidential sum.
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The 10 Whitcoulls airport bookstores have been sold to Australian-based travel retail specialist LS Travel Retail Pacific for a confidential sum.
Whitcoulls is owned by REDgroup Retail (in liquidation). The affected shops will be rebranded and are at the airports in Auckland (5); Wellington (2); Christchurch (2) and Rotorua (1).
LS Travel Retail Pacific — formerly known as Lagardère Services Asia Pacific — is a travel retail organisation, with stores at airports and major transport hubs throughout Australia, as well as duty free
operations in Noumea. The company is part of the global LS Travel Retail group, which operates almost 4000 stores in 20 countries around the world.
It is intended these New Zealand stores will be rebadged under the Relay brand over coming weeks.
Administrator Steve Sherman said the sale process for REDgroup Retail’s New Zealand business is continuing and he expects to have a clearer view of its prospects after the closure of final binding bids later in April.
The REDgroup business in New Zealand now includes 77 stores: 63 Whitcoulls; 5 Borders and 9 Bennetts stores.
NBR staff
Wed, 06 Apr 2011
Wed, 06 Apr 2011
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Whitcoulls airport shops sold to Australian retailer
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