LeaseWise News
Retail with a Cause!
Everyone loves a rebel. You may not wish to admit to it, but the truth is we can’t help but be drawn in by their total disregard for the same rules the rest of us feel obliged to abide by. They tweak our interest and lure us in because in their world, anything is possible….
Read more...Who will be the New Owner of Howards Storage World?
The fate of Howards Storage is expected to be known by the end of January. The space saving and storage chain was placed in voluntary administration on December 9 last year and has been advertised for sale.
Read more...Howards Storage World enters administration
Another major retailer has entered administration in 2016, after Howards Storage World appointed Deloitte as voluntary administrators late last week. David Lombe and Vaughan Strawbridge from Deloitte will take control of operations for the home organisation and specialty storage retailer, with a view to selling the business. They have been appointed to companies that run 29…
Read more...No Buyer Found for Pumpkin Patch
Pumpkin Patch have confirmed that the failed childrenswear retailer has failed to attract a buyer and will begin to wind down the business this week. Receiver, Brendon Gibson from KordaMentha said that without a serious expression of interest being received, there was no choice but to sell all stock and wind down the business. “Our…
Read more...Inside Retail’s Interview with Top Juice
Top Juice Started in the early 1990’s as a family run fruit and vegetable shop in Sydney’s suburb of Double Bay, Top Juice has since become a chain of fruit juice and salad bars across NSW, Victoria, Queensland and ACT with 70 stores. The chain sources 95 per cent of its produce from Australia and in 2015, the…
Read more...PLANET SURF SOLD TO RIPCURL OZMOSIS
The chain of 15 Planet Surf stores that have been operating since 2000 have been acquired by Ripcurl/Ozmosis. The deal was concluded as a rolling transaction over the last couple of months so a rebrand to Ozmosis will take place in early 2017. The deal gives Ozmosis a strong presence in the sub regional Shopping…
Read more...Soul Origin opens 50th store
Health fast food brand, Soul Origin, has continued its rapid expansion with the opening of its 50th store last week and first Melbourne outlet as part of Chadstone’s new dining precinct. Owner Sherwin Djamil, a multi-site franchisee who also owns three Sydney based stores and is Soul Origin’s Franchisee of the Year for 2016, is excited…
Read more...The unveil of the “New” Chadstone Shopping Centre
Vicinity Centres will unveil the first and most significant phase of its $660 million revamp at Chadstone Shopping centre in Melbourne on Thursday. Over 60 new retail stores, two new dining precincts and a new state-of-the-art HOYTS cinema complex will open tomorrow, with Vicinity also unveiling the first glass gridshell roof in Australia. At completion of the…
Read more...Country Road acquires Politix
Politix has 75 stores, including 31 concessions across Australia and FY2016 sales of A$56 million. The proposed acquisition will be funded through internal resources and is expected to be immediately EPS accretive. Woolworths said the acquisition is consistent with WHL’s southern hemisphere strategy of building a strong and diversified portfolio of iconic brands. Politix will…
Read more...Soul Origin takes up the fight against queues
Award winning Sydney-based coffee and food franchise brand Soul Origin plans to boost their lunch time trade with the integration of their point of sale platform Shift8 and queue busting mobile app Beat the Q.
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