MULTIPLE SHOPS MERGER.
London, July 26. An amalgamation of considerable importance to the butter trade is announced. The Home Colonial Stores, Ltd., have acquired a substantial interest in th© Maypole Dairy Company. Details are not disclosed, but th© Home Colonial Company aro issuing 250,000 new £1 shares at 50s. It is understood tli© primary object of th© fusion of these important multiple shop companies is the elimination of competition. Both ar© large buyers of colonial butter and cheese.—(A. and N.Z.) Tli© Home and Colonial and the Maypole Dairy Companies together control th© retail trade of some hundreds of shops in London and the provinces, and are of interest to New Zealand bv reason of th© large quantities of butter and choose required in their business.
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Bibliographic details
Hawke's Bay Tribune, Volume XIV, Issue 197, 29 July 1924, Page 5
Word Count
125MULTIPLE SHOPS MERGER. Hawke's Bay Tribune, Volume XIV, Issue 197, 29 July 1924, Page 5
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