Cash Converters to acquire its New Zealand master franchisor
Inside Retail
OCTOBER 24, 2022
Cash Converters International is set to acquire the Cash Converters New Zealand master franchisor for $15.5 million. The personal finance company and secondhand retailer commenced operations in New Zealand in 1993 and operates 22 stores of which 11 are franchised and 11 are owned and operated by the master franchisor. In 2014, the company acquired a 25 per cent equity interest in its New Zealand subsidiary and has now entered into an agreement to acquire the remaining 75 per cent interest.
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