Woolworths sells EziBuy

Posted by Andrea Hogan on 26th June 2017

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.

Post Views: 410

Baiada getting its workplace practices together
The Fair Work Ombudsman has said the Baiada Group, Australia’s second largest poultry processor, has...

Saputo to take remaining share of WCB
Canadian dairy company, Saputo, will be acquiring the remaining share in Warrnambool Cheese and Butt...

PepsiCo introduces Funbites
PepsiCo Australia & New Zealand has launched a new snack range aimed at school-aged children.

CC-Amatil latest results no fizzer
CC-Amatil (CCA) announced its results for the first half of its 2016 financial year late last week, ...

Australian restaurant diners drinking less alcohol
According to a CREST foodservice market research report for the NPD group, the consumption of alcoho...

Farmers demanding proper review into backpacker tax
Australian farmers heavily reliant on backpacker labour are asking for an in-depth examination into ...

Whole Grain Week launches new diet database. Try it.
TODAY marks the start of Australia’s inaugural Whole Grain Week, run by the Grains and Legumes Nutri...

Small Sydney business tops 2016 Menulog restaurant awards
A small Sydney pizzeria has scooped the national title in the Menulog Restaurant Awards for 2016, af...