In a move designed to refocus their attention to areas of strength and growth within their business, The Thomas Group will be closing down their chain of Thomas Jewellers stores in the upcoming months.
Established in Ballarat in 1896, the Thomas Jewellers business had subsequently expanded to key regional locations, including Bendigo, Shepparton and Albury.
This news marks the end of an era and the beginning of another, as The Thomas Group will be leveraging the current growth in the capital cities to consolidate and expand its commercial and residential portfolio.
Whilst the Thomas Jewellers regional store properties will be sold, the Melbourne store in the historic Royal Arcade, will remain in the Thomas family with a new tenant to be unveiled in 2018.
For the full story, see tomorrow's Shepparton News.