Future
On 16 March 2007 Momentum Private Equity took a controlling interest in Harris Scarfe in a deal worth $80 million. Harris Scarfe chief executive Robert Atkins said the buyout involved retailer Myer taking a 20 per cent stake in the business while the current Harris Scarfe management team would retain a 15 per cent interest.
Four Harris Scarfe stores also would be converted to Myer outlets: two in Adelaide (Colonnades and Elizabeth) and two in Victoria (Werribee and Forest Hill). That would leave Harris Scarfe with 35 outlets in South Australia, NSW, Victoria, the ACT and Tasmania. The stores in NSW and ACT currently operate under the Allens brand.
Long term Harris Scarfe employee Lionel Penley wrote the history of Harris Scarfe, which the company published in 1991. This book tells the story of the growth of the business, and its close links to the development of South Australia's economy.
In 2011, Harris Scarfe will relocate its flagship Adelaide City store within the Rundle Mall precinct. It also opened new stores in Belconnen (ACT) in March, Ballarat (Victoria) in May and a HS Home at Westfield Tuggerah (NSW) in December.
In 2012, Harris Scarfe is set to return to its old site at Forest Hill Chase, after being replaced by Myer in 2007.
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Famous quotes containing the word future:
“The future of America may or may not bring forth a black President, a woman President, a Jewish President, but it most certainly always will have a suburban President. A President whose senses have been defined by the suburbs, where lakes and public baths mutate into back yards and freeways, where walking means driving, where talking means telephoning, where watching means TV, and where living means real, imitation life.”
—Arthur Kroker (b. 1945)
“Our Last Will and Testament, providing for the only future of which we can be reasonably certain, namely our own death, shows that the Will’s need to will is no less strong than Reason’s need to think; in both instances the mind transcends its own natural limitations, either by asking unanswerable questions or by projecting itself into a future which, for the willing subject, will never be.”
—Hannah Arendt (1906–1975)
“And all your future lies beneath your hat.”
—John Oldham (1653–1683)