Retravision leakage continues as Winning Group snaps up a Retravision store in Indooroopilly, Queensland.
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The Ron Handley owned Retravision store based in Brisbane will now be run under the Winning Appliances name, marking the group’s second QLD showroom.
Betta group already snapped up 40 stores from Retravision Northern group, Southern and West after 104 stores from Southern group went bust earlier this year, believed to have debts in the tens of millions.
General Manager of Ron Handley Retravision, Mel Spiteri, will retain his role, with most employees are expected to join the Winning Group.
“Our acquisition of Ron Handley Retravision expands our presence in the Queensland market to two showrooms, joining our showroom in Fortitude Valley which opened a year ago,” John Winning, CEO of the Winning Group, said.
Winning’s latest investment – its second in the space of a week – represents a “strategic opportunity” to expand its business in Queensland, which is currently experiencing strong growth, he added.
“The Indooroopilly showroom is in a prime location and with Mel Spiteri at the helm, it has achieved a high level of customer service, which we are keen to maintain.”
“We are delighted to have Mel Spiteri’s experience to assist in leading the team and growing business in the local area,” said Mr Winning.
This marks the second acquisition by Winning in less than a week – it also announced the purchase of Power Buys online retail and McKnights corporate business just days ago.
The Winning group includes Winning Appliances, Appliances Online, Big Brown Box and Handy Crew.