Woolworths to Buy Womenswear Site EziBuy for NZ$350 Million
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Woolworths Ltd., Australia’s largest retailer, said it would buy womenswear and homewares store EziBuy Holdings Ltd. for NZ$350 million ($275 million) as it seeks to expand its home deliveries business.
EziBuy, which started sending out black and white mail-order catalogs to organizations picked from the phone book when it was founded in the New Zealand town of Palmerston North in 1978, now makes 68 percent of its sales from Australia, according to a regulatory statement from Woolworths.