THE GOOD GUYS EYE IPO

Written on the 24 May 2016 by Melbourne Business News

THE GOOD GUYS EYE IPO THE GOOD Guys has appointed Credit Suisse, Goldman Sachs and UBS as joint lead managers to support an IPO and listing on the ASX.

The Melbourne company says it will also consider any alternate ownership proposals that emerge.

The specialty retailer of household appliances and consumer electronics products has annual sales of approximately $2 billion, and claims to hold market leader positions in categories including white goods, cooking, small kitchen appliances and home entertainment.

This is through 100 large-format stores across Australia and an e-commerce platform.

Transition to 100 per cent ownership of the store network is proceeding well and remains on track for completion at the end of the current financial year.

Business News Australia reported last week that Melbourne-based JB Hi-Fi (ASX: JBH) had entered preliminary talks for an acquisition of The Good Guys.

Responding to the rumour mill, JB Hi-Fi CEO Richard Murray said discussions were 'preliminary' 'exploratory in nature'.

Murray said the company hadn't entered into any agreement, and understood The Good Guys were 'looking at a range of options including an IPO on the ASX'.

JB Hi-Fi currently has a market valuation of $2.3 billion, with annual revenues of $3.65 billion generated by nearly 190 stores.


Author: Melbourne Business News Connect via: Twitter

Latest News

VITA GROUP POSTS STEADY RESULTS DESPITE ROUGH YEAR

IT'S no secret Vita Group (ASX: VTG) has had a testing year, however the company has still managed to deliver ...

KOGAN BREAKS FORECASTS IN ITS FIRST YEAR OF PUBLICLY LISTED TRADE

RAISING the bar high in its first year as a publicly listed company, Kogan.com (ASX: KGN) has smashed its forecast...

CAMPLIFY MOTORS INTO THE UK MARKET

CARAVAN hire and RV sharing community Camplify has made its move in the European market, establishing its first op...

COCHLEAR R&D INVESTMENT DRIVES NEW PRODUCTS AND BOOSTS PROFIT AND REVENUE

COCHLEAR (ASX: COH) has boosted its 2017 full year net profit by 18 percent to $223.6 million and has forecast furthe...

Related News

WESFARMERS BOOKS BUMPER PROFIT BUT SUPERMARKET WAR HITS COLES' BOTTOM LINE

SUPERMARKET giant Coles has posted its biggest slide in earnings since it was acquired by Wesfarmers (ASX: WES) 10 ye...

ANALYSTS PREDICT WHAT AUSSIE LIVING IS LIKELY TO BECOME IN THE NEXT CENTURY

AS THE Australian population continues to grow, analysts are predicting what the country is likely to look like wi...

SEVEN WEST REPORTS MASSIVE LOSS AND CUTS CEO TIM WORNER'S PAY PACKET BY $450K

SEVEN West Media (ASX: SWM) has posted a full-year loss of $744.3 million and cut CEO Tim Worner's pay packet by ...

HOW MAKING MISTAKES AND PASSION SCORED WEIGHT LOSS PARTNERS A DEAL WITH SHARK TANK'S JANINE ALLIS

THEY partnered up to provide a scientific and targeted approach to dieting, and Kate Save and Geoff Draper cut Sha...

BOOK YOUR FUNCTION SPACE HERE

 

 

 

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter