The Brotherhood of St Laurence is pleased to announce that the sale of the Mod-Style business has taken place, with the handover to the new owners commencing July 29 2011.
The new owners, the De Grandi Group, plan to continue business under the Mod-Style name, but in a revitalised manner. They will take on the full range of Mod-Style brands including the very successful, Building Better Lives stands.
The new owners are currently undertaking a review to consider current and future staff requirements, with the view of filling any gaps in their structure with existing Mod-Style Staff. Mod-Style staff will be contacted over the next few days to discuss potential employment opportunities.
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We are very excited about the sale and particularly that the purchasing company is a longstanding family owned company and that the Brotherhood will continue to work with the De Grandi group under a license agreement and the promotion of the Building Better Lives initiatives
The De Grandi Group is a third generation company established in 1929. Originally a cycle and sport goods retail business the company has grown and diversified over the years to include becoming the Australian and New Zealand distributor for various leading brands in the cycling industry. They now also include a school supply division that boasts an extensive range of products and services including installation of outdoor equipment and indoor gymnasium products and an optical eyewear business (based in NZ).
Jeff Moon, General Manager Social Enterprises said, “We are very excited about the sale and particularly that the purchasing company is a longstanding family owned company and that the Brotherhood will continue to work with the De Grandi group under a licence agreement and the promotion of the Building Better Lives initiatives.”
For now, Mod-Style sayes its business as usual for suppliers, customers and stakeholders.
For more information contact Emma Hoppe on (03) 9380 7812, 0413 017 086 or [email protected]
