By Claire Reilly
The recently announced supergroup Retravision Australia is set to take ownership of the Rockingham Retravision store in Perth from the start of May.
In an email to Retravision members, company CEO Paul Holt confirmed the move, which will see the south Perth store shift from private proprietorship to company ownership effective 1 May 2012.
“As part of our continuing business development strategy, we have negotiated an opportunity to take ownership of the Rockingham Retravision business and add this store to our existing managed group of Perth Metro stores (Cannington and Mandurah) under the control of Mike Jeffrey,” said Holt.
“This acquisition will take place at the beginning of May 2012 and Rockingham Retravision will convert to a managed store under the control of Retravision (WA) Ltd with effect from Tuesday 1 May 2012.”
Current.com.au contacted the present proprietor of the Rockingham shopfront, Greg Tomich, to comment on the news. While Tomich confirmed that he would remain store proprietor until the changeover, he refused to speak further.
Retravision Australia CEO Paul Holt has been contacted for comment.