Tahua Partners Ltd agreed to acquire Torpedo7 Limited from The Warehouse Group Limited (NZSE:WHS) for $1 on February 22, 2024. Tahua Partners Limited will take ownership of Torpedo7?s assets, including stock, cash in store and the Torpedo7 brand, and will assume its obligations, including in respect of leases and honouring gift cards, online orders, and customer returns. The majority of the permanent Torpedo7 team will be offered employment by Tahua Partners Limited.

The transaction is expected to close by end of March 2024.