Stores will remain open until May 31 to give staff a chance to clear existing stock. After that,more than 600 jobs and 87 stores will be no more.
Once the authority on vacuums,the 93-year-old specialist retailer’s problems began as far back as the turn of the millennium.
The retailer,which sold vacuum cleaners and other cleaning devices,has joined a string of other retailers to appoint voluntary administrators in the post-COVID cost-of-living crisis.
One of the founders of national vacuum cleaner retailer Godfreys has passed away after buying back his business earlier this year.
John Johnston will celebrate his century with the takeover of the vacuum cleaner retailer after securing a more than 91 per cent stake in the group.
Morphet's stock pot is now worth $7.4 million,her initial share options alone have delivered a $5 million bonanza.
John Johnston is set to take control of the struggling vacuum cleaner retailer after two major shareholders agreed to sell their stakes to him.
You only get one Alan Bond in your lifetime said Kerry Packer,but Godfreys 99-year-old co-founder got two.
Vacuum cleaner chain Godfreys has told shareholders to accept a takeover bid made by the company's 99-year-old co-founder.
John Johnston first took a job at the Australian vacuum cleaner chain Godfreys before World War II had broken out.