National retailer set to "shut doors within a year"

AUSTRALIAN Geographic retail stores could be closed within in a year according to southern media.

Melbourne's Myer family, which founded the department store of the same name, has owned Australian Geographic since 2007 through its investment vehicle but has decided to exit the venture, the Australian Financial Review and Brisbane Times reported.

They said the family has offered the business to potential buyers without success leading to plans for it to be wound down and negotiations for lease take-overs have reportedly suggested a March 2017 deadline.    

Meanwhile an Australian Geographic spokeswoman told the Australian Financial Review that alternatives to a closure would continue to be considered and it would be "business as usual" until stores closed their doors. 

There's 67 Australian Geographic stores around the country.


Mum's last opportunity to sort out probation woes

Premium Content Mum's last opportunity to sort out probation woes

A Roma court has heard the woman has a repeated history of disregarding probation...

42,500 building licences ‘ripped up within weeks’

Premium Content 42,500 building licences ‘ripped up within weeks’

A warning has been issued to tens of thousands of builders

‘Was my job worth being killed for?’ How Premier nearly quit

Premium Content ‘Was my job worth being killed for?’ How Premier nearly quit

Premier Annastacia Palaszczuk has revealed the heavy personal toll