In 1992 Venture was placed into receivership, and was purchased from the receivers for A$12 million by a joint venture between the New Zealand-based department store chain Farmers Deka (now Farmers Trading Company) and the Perth-based companies Action Holdings and Vox.
In December 1992 Farmers Deka acquired 100% of Venture, with ownership passing to Western Australian-based grocery wholesaler and retailer Foodland Associated Limited (FAL), a former Australian company later acquired by IGA (Australian supermarket group).