Well it looks like the trials and tribulations of Philip Goodman (owner of Rivers Australia) have finally resulted in an outcome that many observers saw coming for years. His (now exposed) ogre-like reputation for tyrannical behaviour and recent court settlements for (serious) sexual harassment, marital collapse and poor sales/profitability motivated a fast, bargain sellout. They actually rang around to find a fast interested buyer! Maybe they would have got more if they posted it here.
http://www.brw.com.au/p/entrepreneurs/bargain_goodman_chain_…
Now the Rivers brand can be conserved without the tainted reputation of Mr Goodman at the helm…
EBITDA for the 2013 = $9 mil. 5 mil for the whole Rivers chain — a bargain indeed.