Goodyear Dunlop Tyres Australia says it has “begun to evaluate different scenarios” for its business” but no decision has been made as to the future of its 100-strong network of Beaurepaires retail stores.
News.com has reported the 102-year-old chain is set to close after a series of decisions in boardrooms in the US and Australia and the collapse of negotiations to sell the business to rival Bob Jane Corporation.
Beaurepaires is owned by Goodyear Dunlop Tyres Australia, a subsidiary of US-listed Goodyear Tire and Rubber Company which last September announced it was looking to “improve profitability” in its trans-Tasman business. That plan included switching from company-owned stores to a third-party distribution and retail sales model.
News.com reports that the plan would involve the loss of 700 jobs and the closure of nine warehouses and 100 retail and fleet stores, which the site said was a reference to Beaurepaires.
“Bob Jane got offered to buy out all the stores,” a source told News.com. However, the company was now planning to cherry-pick profitable stores instead.
Neither company responded to questions about the negotiations, however, Goodyear Dunlop Tyres Australia denied a claim the remaining stores would close by April.
Lauren Voucatos, human resources transformation and communications lead for Goodyear Dunlop Tyres Australia confirmed to News.com that the company had “begun to evaluate different scenarios for different parts of our business”, adding no final decisions had yet been made.