Acquire
p. 14 · Read in the full issue
Burns Philp Acquire Australian Stores
BURNS, Philp and Co., Ltd., shipping and island merchants, are steadily increasing their interests in retail country stores in leading towns in New South Wales.
A settlement has been reached for the purchase of a controlling interest in Charles Rogers and Sons, of Goulburn, (established 1859) and the sale now awaits Treasury approval.
Burns, Philp have already acquired large interests in Mate’s store, in Albury, Ed mondson’s in Wagga, and Peterson’s, in Cowra, all old-established businesses.
The policy is to maintain the identity of the stores with the same staff and man agement, and not to introduce the chain store system.
The chain-store merchandising off shoot of the company, Penney’s Ltd., is established in most of the principal towns of Queensland, and the Northern Rivers districts of New South Wales. —Sydney Morning Herald.