Tag: Clive Peeters

Poor performance has led Harvey Norman to decide to axe the Clive Peeters and Rick Hart brands, with seven stores to be closed and a further 16 to be converted into Harvey Norman or Joyce Mayne formats.

Clive Peeters senior accountant Sonya Causer plead guilty to 24 counts of theft in the Victorian Supreme court yesterday amounting to some $20 million stolen from Clive Peeters accounts.

Harvey Norman has finalised a deal to buy Clive Peeters stores and wholesale operations across Australia after Clive Peeters called in receivers PPB.

Clive Peeters, the beleaguered whitegoods and electrical retailer has been bought by Harvey Norman Holdings Limited through liquidator PPB for $55 million.

Clive Peeters has been found to be unprofitable in one third of its stores, with six Clive Peeters stores closing their doors today at the request of receivers PPB.

Clive Peeters directors have been forced to call in administrator McGrath Nicol due to a mounting debt burden and collapsing sales.