VTG 0.00% 8.1¢ vita group limited

http://www.smh.com.au/business/retail/leak-reveals-telstras-consi...

  1. 3,053 Posts.
    lightbulb Created with Sketch. 2
    http://www.smh.com.au/business/reta...ng-stores-from-licensees-20170403-gvcp0g.html

    A leaked internal Telstra document has revealed the telco giant is considering taking back control of some of its store network, potentially clashing with its major retail partner Vita Group.  
    Eleven of the identified stores are currently operated by listed company Vita Group, which is Telstra's only Master Licensed Dealer and operates just over 100 of Telstra's 350 stores around the country.

    Internally Telstra has identified 16 stores it believes would be more profitable if they were brought back into the Telstra Shop Network, because it would no longer have to pay sales commissions to licensees. It could take back control by not renewing the Telstra Dealership Agreement [TDA] with licensees.
 
watchlist Created with Sketch. Add VTG (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.