REDgroup administration: Eight NZ stores sold

1 May 2011 Books+Publishing

REDgroup administrators Ferrier Hodgson announced on 29 April that it has sold the Bennetts business in New Zealand. Ferrier Hodgson has sold eight Bennetts bookstores located in New Zealand universities to Bennetts Bookstores Limited, a newly incorporated entity owned by private investor Geoff Spong, for an undisclosed sum. Spong is the...