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…
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…