16 Dec 2011

Unkown buyer approaches Kirks store

12:00 pm on 16 December 2011

Kirkcaldie Stains says it has been approached about selling its famous department store in Wellington, but does not know who is behind the offer.

The company says it received a letter from J C Capital on behalf of an un-named group expressing interest in the retail assets of the company.

It says the group is not interested in the property assets or the company as a whole.

The company says a similar letter has been sent to a number of shareholders. It has had no other approach from J C Capital.

Managing director John Milford says the board will make contact with JC Capital to find out more about the offer.