Tony Leon the former boss of Coles’s Liquor division and the mastermind behind Woolworths’s Dan Murphy’s superstores, has aggressive expansion plans after buying a 50 percent stake in retail chain Steve’s Liquor.
Steve’s Liquor runs five stores in Victoria and Tasmania and a liquor wholesaling business and is planning to use that as a springboard to triple in size within three to five years.
Leon said on Thursday there were plans in place for strong organic growth, but also the potential for further acquisitions.
(Source: The Sydney Morning Herald Online )