Cash Converters International (ASX:CCV) is a consumer finance company that operates as both a service provider and a network owner and franchisor of second-hand retail and financial services stores in Australia and internationally.
CCV is currently executing a clearly stated growth strategy involving the reshaping of its personal finance business and growing its corporately-owned store network through acquisitions in Australia and offshore.
This strategy has just been accelerated through the proposed $37m acquisition of a further 29 Australian stores, expanding the corporate ownership footprint to 121, or 80% of all stores across the country.
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Cash Converters International - Accelerating a clear growth strategy