BSL retailers displaying poor compliance to the group’s franchise agreement and with turnover of less than $2 million have been warned by BSL CEO Guy Houghton, that they are in danger of going out of business.
Betta Stores Limited CEO Guy Houghton has used his keynote address on the opening morning of the group’s conference to ask BSL members to stop the internal fighting, rumour-mongering and criticism, which has been damaging the group.
Betta Stores Limited (BSL) announced this morning that at a board meeting held on Saturday 13 May, Neville Sutherland and Reg Cain both resigned as directors and Garry Thyer has been appointed to the board.
JB Hi-Fi has announced it will enter the computer category with a discount positioning and trained sales staff who will use personal digital assistants (PDAs) to record sales and offer product information.
Betta Stores Limited (BSL) has taken the unusual step of issuing a press release re-affirming that the employment contract of CEO, Guy Houghton, has been extended for the next three years, which is effective 1 January 2006.
After selling 30 million shares for 3.4 cents each earlier this week, Strathfield Group founder and major shareholder, Andrew Kelly, is expected to purchase six franchised stores from his company planned for the Gold Coast.