From what I've read Goodyear Tire & Rubber Company USA owns Beaurepairs with some rumours it has tried to sell it off, namely to Bob Jane, who only wanted certain stores, obviously the profitable ones...so to say it's gone broke might not be completely accurate, although obviously it's been struggling but I'd say rather a US parent company is no longer willing to bother with it.
Quote:
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The company announced to the US Stock Market in September that its Australian and New Zealand stores would be overhauled by the end of 2024 to make them more profitable.
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So either the overhaul was to fatten it up to sell it or that decision has now changed as well.
Interestingly the next investor call is this Tuesday US time.