RESEND Renaissance signals end of line with agreement to sell Yoobee stores

Tue, 04 Mar 2014

(Fixes Youbee name in headline) March 5 (BusinessDesk) - Renaissance Corp agreed to sell its Yoobee Apple computer stores, the last remaining business for the NZX-listed company after the sale of its design school. Logical Systems Ltd, an Apple reseller and systems integrator based in Auckland, will take over five Yoobee stores, pay $900,000 for inventory less than 60 days old, sell older inventory worth about $250,000 on behalf of Renaissance and pay a nominal $1 for assets, fixtures and fittings, Renaissance said in a statement. It will r...

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