The Rivers Australia Discount Clothing Chain Has Been Purchased For $5 Million

Speciality Fashion Group has purchased budget clothing retailer Rivers Australia for $5 million.

News Ltd reports the Group, which already owns Millers and Katies, plans to expand the iconic Australian chain from 160 to 220 stores and expects to invest $4 million in Rivers by June 2015.

Read more here.

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.