By Sarah Falson
BRISBANE: Betta Stores Retail (BSR) – the consortium of retailers who on Friday bought the Betta Stores Limited (BSL) franchise business for nearly $4 million after it went into administration and receivership last month – this morning began its first official day of trading.
In a release distributed to the press by the BSR marketing department (the first official statement from the company since its new acquisition), Everard Johnson, Garry Thyer and Rex Graham were announced as sole members of the new BSR ‘interim board’.
In another statement obtained by Current.com.au, interim board member and marketing spokesperson, Johnson, confirmed that Ian Brown, 15-year BSL veteran, would be the new general manager of BSR and would be shortly announcing the revised BSR board and management team, once the training process is complete.
According to a statement made by Johnson to Current.com.au yesterday, even though BSR trading has begun, the storefronts which left the group in the past few months are “absolutely” welcome to become a part of BSR.