AUSTRALIA: E-tailer Is Latest Contender In Harris Scarfe Bid
Toorak Holdings, the company behind Perth-based e-tailer Starmall, is this week meeting with the receivers handling the sale of department store chain Harris Scarfe. Clif Edwards, the sole director and shareholder of Toorak Holdings, told the West Australian that Starmall had been talking with Harris Scarfe about its purchase of online retailer 'dstore' when the company was put into receivership on 6 April with debts of A$160m. "We had been speaking to them about a business plan model to integrate dstore into Harris Scarfe, and then when they fell over we looked at making a bid for the dstore," he said.
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