Post by Kiwi Frontline on Oct 11, 2023 4:53:03 GMT 12
$2.85M GOVERNMENT LOAN PROVIDED TO IWI AS IT EYES SUPERMARKET VENTURE
Iwi may have already received some help from the Government as they weigh up building a new supermarket chain to challenge Countdown and Foodstuffs.
Tainui Group Holdings, the commercial arm of Waikato-Tainui, received a $2.85 million loan from the Kānoa regional development fund run by the Ministry of Business, Innovation and Employment to “enable the Māori economy and food and beverage industry”, a Government spokesperson said.
Waikato-Tainui is leading an iwi effort to get a new supermarket business off the ground, with a view to establishing a chain with an initial 20 to 30 stores to take on the current supermarket duopoly.....
www.thepress.co.nz/a/business/350088015/285m-government-loan-provided-iwi-it-eyes-supermarket-venture
Iwi may have already received some help from the Government as they weigh up building a new supermarket chain to challenge Countdown and Foodstuffs.
Tainui Group Holdings, the commercial arm of Waikato-Tainui, received a $2.85 million loan from the Kānoa regional development fund run by the Ministry of Business, Innovation and Employment to “enable the Māori economy and food and beverage industry”, a Government spokesperson said.
Waikato-Tainui is leading an iwi effort to get a new supermarket business off the ground, with a view to establishing a chain with an initial 20 to 30 stores to take on the current supermarket duopoly.....
www.thepress.co.nz/a/business/350088015/285m-government-loan-provided-iwi-it-eyes-supermarket-venture