Fire Sale: Masters Announces Closing Date

 In Australia, Metcash/IGA, NewZealand, Woolworths
More than half a billion dollars of discount hardware will be offloaded in a massive fire sale after Woolworths set a closing date for its failed home improvement chain Masters.
The supermarket giant drew a line under its disastrous experiment with hardware on Wednesday, announcing the sale of its Home Timber and Hardware chain to Mitre 10’s owner, Metcash, and the sale of its Masters Home Improvement stores.
Masters stores will close their doors for good on or before December 11, Woolworths said. It first flagged its exit from the business in January. Sydney Morning Herald – Read more…

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