Woolworths sells EziBuy
Woolworths has sold its EziBuy clothing and homewares retailer to Sydney-based investment firm, Alceon Group.
The sale figure has not been disclosed.
Woolworths acquired EziBuy four years ago but said after conducting a strategic review, decided to sell the business.
“Since this time, Woolworths has undertaken a comprehensive sales process to ensure the right decision was made for EziBuy with a buyer who has indicated a desire to work with the team to continue to build the business,” Woolworths said in a media statement.
EziBuy was established in New Zealand in 1978 and has some retail stores still operational in New Zealand. Within Australia, EziBuy sells its products online and through catalogues only.