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Beaumont Tiles sale to Bunnings ends family dynasty
South Australian business Beaumont Tiles – Australia’s biggest tile retailer – has been sold to hardware giant Bunnings for an undisclosed amount.
South Australian business Beaumont Tiles – Australia’s biggest tile retailer – has been sold to hardware giant Bunnings for an undisclosed amount.
Shares in Wesfarmers have slumped by more than 5 per cent after losses from the group’s coal mines partly offset Coles’ and Bunnings’ strong gains.
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Masters hardware was spoiled from the start as part of an ill-conceived plan by Woolworths to damage its corporate nemesis, rather than build a worthwhile new business, argue John Rice and Nigel Martin.