Discount department store Harris Scarfe has bought Australian e-tailer Dstore in a fire sale after the company indicated it was struggling to stay afloat. Dstore had been planning to launch a New Zealand site and partner with local players, talking earlier this year to Flying Pig.
Harris Scarfe plans a radical revamp of Dstore, now part of Harris Scarfe’s e-business division. The sale price is believed to be around $3 million, although this has not been confirmed.
Dstore was backed by the Packer family and LookSmart founder Evan Thornley and joins a number of e-tailers, including Flying Pig, that have closed their doors or sold to corporates.