Joint Venture Buy Back A Risk to Good Guys Business

 In Australia, NewZealand
The Muir Family’s successful buy back of the Good Guys joint venture stores could drag on the performance of Australia’s third largest appliance and electronics chain as it weighs the relative merits of a public listing versus a trade sale.
Retail analysts suggest the transition to a fully corporate-owned retail network represents a risk to earnings as the management team installs new store managers to replace outgoing owners.
One analyst said there was also some uncertainty over how many former joint-venture owners would stay on as store managers, which had the potential to draw out this transition period. Sydney Morning Herald – Read more…

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