ABC Learning Centres throws its toys [AU] [1]
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EXCERPTS
Australian childcare group ABC Learning Centres Ltd has moved to sell its toy distributor business and set up an exclusive-supply agreement with Funtastic Ltd.
ABC Learning has entered into a non-binding agreement with Funtastic for the sale of Judius for $44.6 million, and the establishment of a long-term supply arrangement with the combined Judius and Funtastic.
Under the proposed agreement, ABC will also enter into an ongoing revenue share arrangement with Judius where ABC will receive a percentage of revenues on all sales made to and through ABC childcare centres.
- reprinted The Age