Iconic Australian retail chain looking to close stores in fight to save businesses
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An iconic Australian retailer, operating for 188 years, is seeking a financial saviour. The chain plans to close a number of stores as part of a rescue effort. Reports suggest the move is aimed at stabilising the business amidst declining performance. The company hopes new investment will halt the decline.
The chain is looking for a financial saviour after 188 years in business, according to The Australian.