Nick Scali Confirms Talks with Greenlit Brands to Buy Plush Sofas Business
July 18, 2021 at 10:01 pm EDT
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Nick Scali Limited confirmed that it is in non-exclusive discussions with Greenlit Brands Pty Limited regarding a potential acquisition of plush sofas business.no certainty that current discussions, ongoing and incomplete, will result in a binding deal for plush. Nick Scali sees to be able to fund any transaction with greenlit brands with combination of cash on hand and debt.
Nick Scali Limited is a furniture retailer operating in Australia and New Zealand. The Company is engaged in the sourcing and retailing of household furniture and related accessories. Its sofas and armchairs collection include recliner sofa collections, leather sofa collections, fabric sofa collections, occasional armchairs, and others. Its living room collections include TV and entertainment units, coffee tables, side tables, console and hallway tables, and others. Its dining room collections include dining tables, dining chairs, and buffet tables and sideboards. Its bedroom collections include mattresses, bedframes, bedside tables, and dressers, among others. Its rugs and accessories collections include rugs and mirrors. It imports more than 5,000 containers of leather and fabric lounges as well as dining room and occasional furniture. The Company has stores located in New South Wales, Queensland, Victoria, Tasmania, South Australia, Western Australia, and others.
NICK SCALI LIMITED 
