Trading of Godfreys stock will be suspended at the close of business Friday, 6th July, with the company officially exiting the ASX at the close of businesses the following Wednesday, 11th.
Godfrey’s new CEO Jason Gowie is winding back his predecessor’s focus on franchisee conversions and plans to double the proportion of the company’s sales coming from online.
Vacuum retailer Godfreys converted 22 stores to franchised outlets in the 2016-17 financial year bringing in to the corporate chest initial franchise fees of $5.3m.
The vacuum cleaning business Godfreys plans to galvanise the next stage of its expansion through an initial public offering. The chain of 209 outlets has 85 franchised stores. Four new company
Sales at the retail chain Godfreys increased 3.5 percent to $90.6m, it has revealed in its half year financial results. In the six month period to December 2014 seven stores