JB Hi-Fi to acquire E&S Trading, books lower sales last fiscal year
Inside Retail
AUGUST 11, 2024
JB Hi-Fi is broadening its product categories as it agrees to acquire a controlling interest in E&S Trading Co, which offers kitchen, laundry, and bathroom products. The consumer electronics retailer agreed to an initial acquisition of 75 per cent of E&S for cash consideration of $47.8 million on a cash-free,debt-free basis. JB Hi-Fi has the option to buy the remaining 25 per cent in September 2029. “E&S has a highly complementary premium product offering, which will appeal to
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