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JB Hi-Fi enters new market with acquisition of Victorian laundry, kitchen goods retailer e&s for $50m

Pelican Press

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JB Hi-Fi enters new market with acquisition of Victorian laundry, kitchen goods retailer e&s for $50m

Consumer electronics behemoth JB Hi-Fi will tap into commercial builders and deepen its exposure to the white goods sector with the purchase of Victorian kitchen, laundry and bathroom products retailer e&s.

Shares in JB Hi-Fi were up 8.4 per cent to a record high of $73.02 just after 10am on Monday after revealing it had inked a deal for an initial acquisition of 75 per cent of e&s for a cash consideration of $47.8m.



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#HiFi #enters #market #acquisition #Victorian #laundry #kitchen #goods #retailer #50m

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