Workers at vacuum retailer, Godfreys are set for pay-spike following a decision by the Fair Work Commission to terminate the company’s non-union enterprise agreement.
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.
Ailing vacuum retailer Godfreys has announced an aggressive campaign advertising major discounts as a part of its ‘turnaround campaign’.
Iconic Australian vacuum cleaner retailer, Godfreys has announced that co-founder John Johnston has secured a 91 per cent stake in the group ahead of his 100th birthday.
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.