BREAKING NEWS: JB Hi Fi In Talks To Buy The Good Guys.

JB Hi-Fi is again running the ruler over The Good Guys, it’s the second time that the fast growing consumer electronics Company has attempted to buy the Melbourne based retailer.

CEO Richard Murray has confirmed that the board gave the go ahead to commence initial discussions with the privately held Company after South African Company, Steinhoff International Holdings decided to walk away from spending over $800M to buy the group.

JB Hi Fi initially approached the Good Guys when Terry Smart was CEO, this was shortly after Woolworths ran a ruler over the Company who recently moved to spend $200M buying back ownership of several of The Good Guys Stores.

The Good Guys has also been working with former Bank of America Merrill Lynch veteran David Petrie, who now works for the Melbourne-based Helfen Corporate Advisory.

More to follow.

JB Hi Fi, The Good Guys

About Post Author

David Richards

David Richards has been writing about technology for more than 30 years. A former Fleet Street journalist, he wrote the Award Winning Series on the Federated Ships Painters + Dockers Union for the Bulletin that led to a Royal Commission. He is also a Logie Winner for Outstanding Contribution To TV Journalism with a story called The Werribee Affair. In 1997, he built the largest Australian technology media company and prior to that the third largest PR company that became the foundation company for Ogilvy PR. Today he writes about technology and the impact on both business and consumers.

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