North Face UK Sale 5000 stores in north america

Pawnbroker converts a cash model under new ezcorp alliance For the increasing number of people who rely on pawnbroker to make ends meet, cash converters may soon become their one-Stop-Shop for all financial services. A proposed deal between cash converters and a us company that provides a suite of financial services to low-Income earners could lead to hockers being offered accounts with their pawn shop. Cash converters wants to adopt the ezcorp model and among the products and services it plans to introduce is a debit card north face online mens black jackets waterproof and might also consider offering savings accounts. The company said the venture would allow it to"Roll out integrated financial services solutions under the cash converters brand"Around the globe. It yesterday stumped the market by saying it proposed to cede a controlling stake to ezcorp, which owns 30 per cent of cash converters. Under a deal, which is yet to receive shareholder or regulatory approval, ezcorp would build up to a 53 per cent stake by buying on-Market stock for 91c a share. The offer, which would cost ezcorp about $70 million, was at a 9.6 per cent premium to Cash Converters' closing price when the deal was announced. The perth-Based company owns outright nearly 60 retail stores in australia and britain and has about 600 licensed franchisors operating all over the world. Ezcorp operates North Face UK Sale 5000 stores in north america. Company secretary ralph groom said that among the products and services it planned to introduce was a debit card and might also consider offering savings accounts. "We are looking at a model whereby we would download the amount customers borrowed on to a card, rather than hand cash over the counter,"He said. Mr groom said the company was always investigating alternative financial products and the potential to offer savings accounts was"A work in progress"That it was developing with ezcorp's expertise. While the share market applauded the North Face Outlet UK deal, marking up the stock by 4.2 per cent or 3.5c for a close of 86.5c, some analysts said the transaction did not have clear benefits for Cash Converters. Hartleys analyst trent barnett told he had downgraded the stock from a buy to a hold, on the basis that he did not believe the offer reflected good value.