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Monday 26 June, 2017: Woolworths can confirm that EziBuy, one of the largest multi-channel retailers in Australasia, has been acquired by Alceon Group.

Alceon Group is a Sydney-based investment firm with extensive experience and operations in the retail sector.

After acquiring EziBuy four years ago, Woolworths conducted a strategic review of the business. As previously stated in mid-2016, Woolworths ultimately decided to exit the business.

Since this time, Woolworths has undertaken a comprehensive sales process to ensure the right decision was made for EziBuy with a buyer who has indicated a desire to work with the team to continue to build the business.

The EziBuy business has a head office located in Auckland and a distribution and call centre in Palmerston North.