AUSTRALIA/NEW ZEALAND: Foodland to make decision on Farmers soon
Australian retailer Foodland Associated has said it is still in talks regarding the possible sale of its New Zealand department store chain Farmers and hopes to soon make a decision on the future of the unit. Managing director Trevor Coates said the company remained in negotiations with a number of interested parties, including private equity investors, trade buyers and credit card operators, about the sale of the 50-store chain.
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