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…
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