Australian retailer Foodland has said it is reviewing its ownership of New Zealand department store and consumer finance unit Farmers Holdings.
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The company said it decided to review its only non-food business in the wake of Foodland’s two recent acquisitions.
“It may well be that divesting Farmers will provide a clearer focus and direction for both Foodland and Farmers to the advantage of all stakeholders,” managing director Trevor Coates was quoted by Dow Jones International News as saying.
