AUSTRALIA: Harris Scarfe Should Be Sold As A Whole
Investment bank, Hindal Corporate, is hopeful that failed discount store, Harris Scarfe Holdings, Australia's third largest retailer, will be sold intact. A spokesman from the bank said work was on schedule to sell the 35 stores throughout Australia by June 30. The Trescowthicks, a Melbourne family, hold 46 per cent of the shares in the 150-year-old collapsed business.
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