CLOSING DOWN: Masters Home Improvement in Coffs Harbour will close on Sunday, December 11.
CLOSING DOWN: Masters Home Improvement in Coffs Harbour will close on Sunday, December 11. Keagan Elder

Coffs Harbour hardware store to shut doors at weekend

MASTERS Home Improvement store in Coffs Harbour will close its doors this Sunday.

This follows an agreement by Woolworth Limited to facilitate its exit from Home Improvement for estimated gross proceeds of $1.5 million.

Woolworths announced in August, after a seven month sale process, it had agreed on three transactions to sell its Home Improvement business to a collective bidder group of Group America Australian subsidiary group GA Australia, Metcash and Home Consortium.

With the Coffs Harbour store near empty, there are price reductions of up to 95%.



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