Original article by Sue Mitchell
The Australian Financial Review – Page: 13 & 18 : 14-Dec-15
Australian department store group Harris Scarfe has secured an alliance with UK-based Debenhams. Harris Scarfe expects its sales to be boosted by about $A100m by the deal to open about 10 stand-alone Debenhams stores in Australia via a franchise agreement. Harris Scarfe also expects revenue to be bolstered by a deal to sell a range of Debenhams’ brands in its stores. The group also intends to open up to 15 new stores in coming years.
CORPORATES
HARRIS SCARFE HOLDINGS LIMITED, DEBENHAMS RETAIL PLC, PEPKOR SOUTH EAST ASIA PTY LTD, BEST AND LESS PTY LTD, MYER HOLDINGS LIMITED – ASX MYR, THE GAP INCORPORATED, TOP SHOP, J SAINSBURY PLC, HABITAT, MOMENTUM CORPORATE SOLUTIONS PTY LTD, POSTIE PLUS GROUP LIMITED, STEINHOFF INTERNATIONAL HOLDINGS LIMITED, TARGET AUSTRALIA PTY LTD, KMART AUSTRALIA LIMITED, BIG W DISCOUNT STORES