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.
Read more about this topic: Harris Scarfe
Famous quotes containing the word future:
“Given for one instant an intelligence which could comprehend all the forces by which nature is animated and the respective positions of the beings which compose it, if moreover this intelligence were vast enough to submit these data to analysis, it would embrace in the same formula both the movements of the largest bodies in the universe and those of the lightest atom; to it nothing would be uncertain, and the future as the past would be present to its eyes.”
—Pierre Simon De Laplace (1749–1827)
“I have often inquired of myself, what great principle or idea it was that kept this Confederacy so long together. It was not the mere matter of the separation of the colonies from the mother land; but something in that Declaration giving liberty, not alone to the people of this country, but hope to the world for all future time. It was that which gave promise that in due time the weights should be lifted from the shoulders of all men, and that all should have an equal chance.”
—Abraham Lincoln (1809–1865)
“Although I’m trying very hard
To sound unlike a birthday card,
That’s all this is: so you may find it
Full of all that lies behind it
Admiration; friendship too;
And hope that in the future you
Reap ever richer revenue.”
—Philip Larkin (1922–1986)