Homeart crumbles

  Poor Christmas trading was the final straw for the Homeart chain, which appointed administrators on January 23. Homeart had 116 stores when it called in PPB Advisory as administrators to Homeart, Copperart, and and Copperart Holdings, all companies owned by the Van Roest family. The business is understood to have annual sales of $61 million, down from $83 million in 2009 when Homeart had around 140 stores nationally. At its peak, Homeart had around 165 stores trading in all states. Daniel

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