JB Hi-Fi completes $870m Good Guys deal

JB Hi-Fi has completed its $870 million takeover of whitegoods retailer The Good Guys, two and a half months after the deal was announced.

JB Hi-Fi has completed its $870 million takeover of whitegoods retailer The Good Guys.

"We are very pleased to have successfully completed the acquisition of The Good Guys and are excited about creating a market-leading consumer electronics and home appliance retail group," chief executive Richard Murray said in a statement.

Under the deal announced in September, The Good Guys will continue to operate as an independent brand with chief executive Michael Ford reporting to Mr Murray.


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Source: AAP



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