Today Telstra (ASX: TLS) announced its intention to transition the Telstra branded retail store network to a full corporate ownership model. Following this announcement, Vita Group (ASX: VTG) confirmed that this will mean the conclusion of its current dealer agreement with Telstra on 30 June 2025.
Tough day at the office for Vita Group. The risk of this happening has always been the knock on Vita Group and it was inevitable that one day it would happen. Of course it would of been nice had it happened the day before I added it to my SM scorecard and not the day after...