Business
Hearing aid retailer Bay Audio sold to Amplifon for $550m – The Australian Financial Review
After 14 years in operation, Bay Audio has been acquired for $550 million by the world’s largest hearing aid retailer.
Tuesdays $550 million sale to Italys Amplifon represented almost an 8-times jump in valuation in only five years.
Bay Audio was losing $6 million a year from about $16 million in revenue, until its turnaround journey began in 2013, when the business brought…
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