Business
Greenlit Brands pulls Fantastic Furniture float – The Australian Financial Review
Retailer Greenlit Brands has pulled plans to float Australian furniture business Fantastic Furniture.
Retailer Greenlit Brands has pulled plans to float Australian furniture business Fantastic Furniture.
It is understood the group pulled the plans on Thursday morning, on the same day its brokers were due to ask investors to buy shares.
Fund managers said Greenlit Brands and its brokers were talking about a deal at nine to 11 times profit earlier in the week, while the discussions were drifting towards 9-times and even lower on Wednesday night.
Fantastic Brands, which owns Fantastic Furniture, expects…
-
Noosa News5 hours agoWoman dead and man rushed to hospital with gunshot wound following crash near Aussie World on Queensland’s Sunshine Coast
-
Noosa News11 hours agoFarmer Fred Perry’s 30-year conservation project creates bird haven after years of ‘bashing and burning’
-
General10 hours agoBoy dies after being trapped between rocks off NSW beach
-
Noosa News11 hours agoDetectives continue to search for answers on Crystal Beale’s death