British grocery giant Tesco is mulling a buyout of the 83-outlets of Woolworths NZ, according to a report in the local New Zealand newspaper Sunday Star-Times.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more


Dairy Farm International, the Hong Kong-based parent company of the New Zealand grocery chain, confirmed that takeover discussions are taking place with a number of interested parties, but as yet it is unclear whether Tesco has put forward a bid.


A spokesman from Tesco commented: “We tend not to rule anything out.”


The business, which incorporates the Big Fresh stores, is valued at about NZ$600m (US$264.3m). 

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.