Foodstuffs welcomes High Court ruling
Managing Director of Foodstuffs NZ Limited Tony Carter says he welcomes today’s High Court decision that overturned the
Commerce Commission’s ruling against its application for clearance to acquire up to 100 percent of The Warehouse.
He says Foodstuffs has always held the view that there is not a lot of overlap between the operations of Foodstuffs and
The Warehouse.
Mr Carter says Foodstuffs has a number of options available.
“We will be talking to our advisers in the first instance. Any moves from ourselves or Woolworths, or any other
potential party, will take time to run their course so our position will be a measured one.”
Mr Carter says Foodstuffs continues to hold the view that as New Zealand owned and operated companies Foodstuffs and The
Warehouse have common synergies and culture.
“Two iconic Kiwi companies like The Warehouse and Foodstuffs joining forces in some sort of combination could only be to
the benefit of all New Zealanders,” says Mr Carter.
“It’s about leveraging the strengths of the two companies,” says Mr Carter.
ENDS