Hills sells right to make and sell Hills Hoist clotheslines

 In Australia, Hardware, NewZealand, Woolworths
Australian company Hills has sold the right to make and sell Hills Hoist clotheslines after concluding it could not make money from the iconic product.
The ASX-listed company outsourced its gardening and laundry products business to Woolworths in 2014 under a licensing arrangement that saw Hills Hoists and other products sold through Woolworths’ Masters stores.
That deal was up-ended last year when Woolworths decided to exit the home improvement market and close Masters stores. Woolworths paid Hills $6 million to dissolve the deal, prompting it to hunt for a new home.
On Tuesday, Hills revealed a deal to sell its gardening and laundry products business to fellow gardening product manufacturer AMES Australasia.  Sydney Morning Herald – Read more…

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