The Home Consortium, a group of wealthy private families including the owners of Spotlight, Anaconda and Chemist Warehouse, picked up the failed hardware chain's 61 sites last year in a deal worth close to $1 billion. Spotlight Property Group has a.
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Woolworths back in the retail race The Australian.
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The division includes the Bunnings hardware chain, which grew earnings 9.8 per cent in Australia and New Zealand to $770 million in a half when rival Masters Home Improvement collapsed. Bunnings' new UK venture reported a loss of £28m ($45 million) .
“It just didn't look and feel like what one would expect from a hardware store. If you go to a Bunnings or a JB Hi-Fi, it's a bit junky with stuff here and there and special bins with $5 specials. In Masters there was no vibe of 'gee, look here, we.
Well away from the public crash and burn of Woolworths' failed hardware venture, Masters Home Improvement , another big box brand in the category, Bunnings, has been copping some heat. First it was in Panorama, at the former TAFE site where currently .
HUNGRY Jack’s will open a restaurant in the northern suburbs ... the fast food giant will build a store next to the planned Masters Home Improvement, Officeworks and retail centre at the Main North Rd site. It comes after Salisbury Council rejected.
In 2011, Woolworths announced plans for a Masters hardware store on the corner of Glynburn and Davis roads, in Glynde, but NP & SP's development panel rejected the proposal. It ruled that the 10m-high building would exceed the area's two-storey height .
First the failed hardware chain announced it's closure due to Woolworth's failed experiment and now it's struggling to even get rid of its leftover stock. It's also copping criticism for the way the business is handling its customers. Fairfax Media.
Woolworths and Cromwell Property Group have entered crucial negotiations after the retailer pulled its Masters Home Improvement business as the main tenant for a new development at Parafield Airport near Adelaide ... Park due to open in 2017, a $30.