Wednesday, July 27, 2016
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THE INDEPENDENT VOICE OF MID CANTERBURY
Christine and Tony Todd, might have sold their iconic store, Todds, but they won’t be moving out, it will be business as usual for them and their staff.
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Another family to take on Todd’s BY SUE NEWMAN
SUE.N@THEGUARDIAN.CO.NZ
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One of Ashburton’s oldest family businesses is about to have a new owner, but for its customers nothing will change. Tony and Christine Todd have sold their fashion store to long-time friends, the Preen family of Timaru, but when handover day comes on February 24 it will be business as usual – same staff, same high-quality fashion clothing, same store name. “For 96 years our store has dominated the northern landscape of Ashburton’s main street, but after three generations
of family ownership we’re handing the reins over to another family,” Mr Todd said. It was tempting to retain ownership to mark 100 years of the family business, but commonsense said when the perfect buyer came along, it was foolish to turn them down, he said. “It’s a good fit for them to add Ashburton to their trading arm and from a customer’s perspective you won’t notice any difference. We’ve had a strong working relationship with the Preen family over many years which extends to a personal level.”
Christine and Tony will stay on as managers and both Todds and TCR will continue to trade under those names. The intention of the new owners is to continue selling fashion clothing for men and women along with shoes and accessories. The only change will be in the phase out of the lingerie department, Mr Todd said.
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