22 Aug 2013

Ezibuy bought by Woolworth's

12:47 pm on 22 August 2013

Woolworth's has bought Ezibuy for $350 million.

Woolworth's is the parent company of New Zealand's Progressive Enterprises which operates the Countdown supermarket chain.

EziBuy is a retailer of apparel and homewares in both New Zealand and Australia, operating primarily online and through catalogues and contact centres.

Currently 68% of EziBuy's sales are to the Australian market.

The deal is subject to Overseas Investment Office approval.