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Value is owned by Foodstuffs (N.Z.) Limited, headquartered in New Zealand. No. The ultimate owner of Value, Foodstuffs (N.Z.) Limited, is headquartered in New Zealand, not in the United States.
Foodstuffs is a major New Zealand grocery cooperative that operates as two regional entities (North Island and South Island) serving as the country's largest retail grocery organization.
Foodstuffs North Island / Foodstuffs South Island
Sources: foodstuffs.co.nz, en.wikipedia.org
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