Thursday, May 26, 2011

Three Christchurch Whitcoulls stores not to reopen, three others excluded from purchase

The buyers of Whitcoulls and Borders have confirmed they are not picking up three quake-damaged Christchurch stores.
The Whitcoulls on Colombo Street in the city, Cashel Mall and Eastgate Mall are the outlets that will not be purchased.
The troubled chain has been bought by New Zealanders Anne and David Norman who also own Pascoes, Farmers, Stevens and Prouds.
Two of the unwanted shops are right in the core of the quake-damaged Christchurch central city and all have been off-limits since February.
Three other New Zealand stores don't form part of the Pascoes deal. They are in Papamoa, Upper Hutt and at Albany's Mega Centre.
Those three branches aren't considered financially viable.

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