Why is VTG selling Clothing?

  1. 125 Posts.
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    I have been looking at this company but the thing that has me worried a little bit is why did this company
    move into the clothing business. And why did it do it the way it did. I understand maybe the need to create
    a new business stream, I'm not sure clothes is a good idea but why if they wanted to go into the clothing business
    as an new stream to the telecommunications retail business, why didn't they try and buy a company like True Alliance
    which would have given them a bigger footprint, better brands and a really good distribution platform. Anyway,
    I don't really understand the need for Vita to be in Clothing but I like its Telstra Stores business, I think it will
    continue to do well at least in business terms, shareprice wise I'm not sure but good luck to everyone holding.
 
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