Embattled distributor and marketer of children's products and apparel, Funtastic, has announced that it is selling off its apparel, footwear and manchester divisions.rnAs a part of an ongoing business restructure, the company says that it is approaching the conclusion of sale of what it describes as 'non-core assets' with the sale of the apparel and footwear units to be completed within 60 days.rnIn a release to the Australian Stock Exchange, Funtastic said it had entered into a binding sales agreement on the 24th of June for its footwear business with Corell Licensing Pty Ltd, which is a joint venture between Corell Holdings, a second generation specialty footwear supplier, and business partners David Rosenberg and Jeff Moss, former owner and CEO of the Pretty Girl Fashion Group.
展开▼
