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…
-
General17 hours agoFour charged over alleged six-hour gang rape of girl in south-west Sydney
-
Noosa News19 hours agoLogan City Council to pull out of federal government Climate Active program due to financial pressure, transparency concerns
-
Business20 hours agoAiming for rock-solid retirement income? I’d buy these two ASX shares
-
Noosa News16 hours agoCharlie the therapy dog reduces stress – Proctor