Michelin takes 25% stake in tyre firms

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Wellington French tyre manufacturer Michelin has taken a quarter stake in Hamilton-based wholesaler Tyreline Distributors and retailer Beaurepaires at a time when New Zealand’s new car sales have been at record highs. The French tyre giant bought a 25% stake in Tyreline and Beau Ideal, trading as Beaurepaires, from the Rushbrooke family for an undisclosed […]