National retailer set to "shut doors within a year"

AUSTRALIAN Geographic retail stores could be closed within in a year according to southern media.

Melbourne's Myer family, which founded the department store of the same name, has owned Australian Geographic since 2007 through its investment vehicle but has decided to exit the venture, the Australian Financial Review and Brisbane Times reported.

They said the family has offered the business to potential buyers without success leading to plans for it to be wound down and negotiations for lease take-overs have reportedly suggested a March 2017 deadline.    

Meanwhile an Australian Geographic spokeswoman told the Australian Financial Review that alternatives to a closure would continue to be considered and it would be "business as usual" until stores closed their doors. 

There's 67 Australian Geographic stores around the country.


Democracy sausage: Here's where to get yours

Democracy sausage: Here's where to get yours

Map shows where you can get your election democracy sausage

Drought support expo coming to the Lockyer Valley

Premium Content Drought support expo coming to the Lockyer Valley

Gatton council set to host drought support expo to support Lockyer residents in...

Laidley police raid sophisticated drug growing operation

Premium Content Laidley police raid sophisticated drug growing operation

After swooping in on a Laidley home, Police discovered a sophisticated growing set...