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Music and lingerie retailer Brazin Sanity will restructure its
troubled music business and buy int GHD mini iv styler? o an online DVD
retailer to boost earnings after net profit for the latest year slumped
91 per cent.
Reported yest
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Braz GHD mini iv styler? n an aftertax profit of $ 2.1 million for the
year to June 30, Compared with $ 23.3 million in 200102. Sales were u.
p 10 per cen GHD mini styler t at $ 539 million.
Certainly We have made some mistakes, and management and the board are not happy, Brett Blundy
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chief exe Cheap GHD Straighteners UK utive officer said yesterday.
There is a clear recognition That we can, and must, do better.
Brazin Sanity music will restructure the business to save an
Estimated $ 7 million through changes in labor practices and a warehouse
sale.
Also Brazin Ann
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GHD mini styler unced it had acquired 50 per cent of one of the
fastestgrowing DVD specialist retailers, online store EzyDVD, with a
turnover o GHD mini iv styler? f $ 18 million.
Brazin will pay $ 1.5 million in cash and up to $ 4.8 million in shares. EzyDVD It will open 38 stores by th .
ghd IV salon styler end of the year.
Also Brazin said it had bought Melbournebased Ghetto footwear
company, que has 19 stores in NSW, the ACT a GHD mini styler nd South
Australia, and a Further 12 planned by the end of the year. Ghetto
earned $ 750,000 before interest and tax for 200203 GHD mini styler.