Adairs Ltd (ASX: ADH) has agreed to acquire Focus on Furniture for $80m.
Adairs Ltd (ASX: ADH) has announced it has agreed to acquire 100% of Focus on Furniture for an enterprise value of $80 million on a debt free basis. Under the acquisition, Adairs gains attractive growth potential through the strongly profitable business of Focus, the company’s 23 retail stores and growing online channel, and a collection of well designed, functional and on-trend home furniture and bedding under the Focus brand.
Adairs Ltd shares traded 4.68% higher at $3.58/share following the announcement.
Read the full story
in the Grafa app
To read the full article and more in the Grafa app, available on all app stores.
Track the trends
Get the hot tips first
Stay close to your investments
Learn to trade like a pro
Let your money entertain you
See more stories like this
48% of businesses say they will not raise prices, primarily due to the desire to...read more
Of the smaller cryptos, these ones were the movers. Mirrored iShares Gold Trust rose 353.48%...read more
Of the middle-sized cryptos, these ones were the movers. Metacraft rose 66.39% to US$1.31, closing...read more