API to sell Price Attack franchise
Thursday, November 8, 2007/
Australian Pharmaceuticals Industries will sell its retail franchise business, Price Attack, to focus on its core growth businesses in the health and beauty market.
API said in a statement that in its financial result, released on 30 October, it had already accounted for a net benefit of $1.9 million for the sale of the House chain and Price Attack and the company expected no material change to this position.
API will sell the Price Attack franchise business to Barry Jarred, a key head franchisee.
The company, which manages other retail brands such as Priceline, flagged the sale in July, along with the House chain of outlets. It expects to settle the deal by the end of this month.
API also has a pharmacy business that provides wholesale distribution and business and marketing services to community pharmacies Australiawide.
Accounting software does not underpay staff — humans do Stacey Price Healthy Business Finances founder
Google has updated its search algorithm: Say hello to BERT Lucas Bikowski SEO Shark managing director
Five ways to mentally prepare for the brutal capital-raising process Stacey Fisher Minnow Designs co-owner
You are not your job: Four work-life balance tips to ease you into Christmas Jackie Rahilly Appoint co-founder
Ignoring your ‘obnoxious roommate’: What this founder learnt when she met Arianna Huffington Michelle Gallaher ShareRoot CEO