Godfreys returns to market a year after collapse in Australia

Godfreys, an iconic Australian vacuum cleaner retailer, is returning to the market a year after its collapse. The company filed for voluntary administration in January 2024, closing all stores by May. In June 2024, Future Innovation Holdings acquired Godfreys' brands and assets, allowing the retailer to re-establish its online and wholesale business. The company announced its comeback on LinkedIn, stating, "Godfreys is coming back, baby!" At its peak, Godfreys operated 220 stores and employed about 600 staff. It is unclear if the new management will continue the franchise network. Godfreys Group has not yet commented on this matter.