Shaver Shop on M&A hunt
The AFR reported that the Shaver Shop appears intent on trying to box its way out of a corner. Despite its shares languishing at record lows, the company has been scouting for acquisitions with the help of long-term adviser Canterbury Partners. One potential target is believed to be Hairhouse Warehouse, which is privately-owned and sells all kinds of hair products and asscessories via a network of 130 stores across Australia. Shaver Shop's shareholders would be expected to welcome such an M&A deal provided it could be negotiated on favourable terms. So, it seems it's just a matter of when the retailer will strike in the market.