Nick Scali buys Plush from Greenlit Brands
Inside Retail
OCTOBER 3, 2021
Greenlit Brands has agreed to sell its Plush home-furniture business to Nick Scali in a deal that values the business at $110 million. . The transaction is scheduled to be settled next month once customary working capital conditions and conditions are met, with $7 million in cash to remain in the Plush business at handover. Michael Ford, executive chairman and group CEO of Greenlit Brands, said the transaction realises an asset on behalf of Greenlit’s parent company, Steinhoff Internation
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