Retail
Harvey Norman hands over $55 million for Clive Peeters
Harvey Norman has finalised a deal to buy Clive Peeters stores and wholesale operations across Australia after Clive Peeters called in receivers PPB.
Harvey Norman has finalised a deal to buy Clive Peeters stores and wholesale operations across Australia after Clive Peeters called in receivers PPB.
Clive Peeters, the beleaguered whitegoods and electrical retailer has been bought by Harvey Norman Holdings Limited through liquidator PPB for $55 million.
Clive Peeters has been found to be unprofitable in one third of its stores, with six Clive Peeters stores closing their doors today at the request of receivers PPB.
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