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After a very active campaign, the Hollywood Hotel in Sydney’s Surry Hills has been sold to a local operator for a price in the vicinity of $10 million.
A private family has outbid pub baron Justin Hemmes and movie star Russell Crowe, paying up to $10 million for the well-known Surry Hills watering hole.
JB Hi-Fi has announced that chief executive Richard Murray will leave the company in August to take on a new role, and has appointed Terry Smart as his replacement.
Terry Smart was promoted from managing director of The Good Guys, a role he held since 2017. Smart was also JB Hi-Fi CEO from 2010 to 2014.
In its own ASX announcement, retail clothing company Premier Investments revealed it hired Murray as its chief executive, starting on 4 October 2021.
“The decision to leave was a very difficult one to make. After 18 years with the company it is time for me to take on a new challenge,” Murray said.