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BRIEF-Elanor Investors Group To Close John Cootes Furniture Business

Published 13/08/2018, 09:37 am
BRIEF-Elanor Investors Group To Close John Cootes Furniture Business
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Aug 13 (Reuters) - Elanor Investors Group ENN.AX :

* ELANOR HAS NOW DECIDED TO COMMENCE AN ORDERLY CLOSURE OF JOHN COOTES FURNITURE BUSINESS

* EXPECTED THAT ALL JCF STORES WILL BE CLOSED BY END OF CALENDAR YEAR

* ELANOR INVESTORS - REAFFIRMS FORECAST DISTRIBUTION RANGE FOR SIX MONTHS ENDED 30 JUNE OF 8.2 CENTS TO 8.6 CENTS PER STAPLED SECURITY

* ASHLEY FURNITURE HOMESTORES OWNED BY BUSINESS WILL CONTINUE TO TRADE

* TWELVE STORES, AND ABOUT 135 EMPLOYEES IN NSW AND ACT, ARE AFFECTED BY JOHN COOTES FURNITURE BUSINESS CLOSURE

* ELANOR SEEKS TO SELL ASHLEY FURNITURE COMPONENT OF BUSINESS AS A GOING CONCERN

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