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Monday 13th February

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Whitcoulls Owner Gets Waiver For Breaches

Posted at 7:11AM Tuesday 31 Aug 2010

Redgroup Retail, the owner of the Whitcoulls and Borders book stores, gained a waiver for breaches to its banking covenants and said chairman Rod Walker will step down.

The Pacific Equity Partners-owned book, stationery and entertainment company, based in Melbourne, said it is exploring a range of options to strengthen its balance sheet longer term.

tvnz.co.nz




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