JB Hi-Fi Limited (ASX: JBH) Share Price and News
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JB Hi-Fi Limited (ASX:JBH) is one of Australia’s best loved retailers. Originally established in 1974 by John Barbuto, JB Hi-Fi started life with just one store in Melbourne. Mr Barbuto’s vision was to offer a specialist range of music and hi-fi equipment at discount prices. He sold the business in 1983 and the new owners expanded the brand to include nine stores across Victoria by 1999.
The following year, the business was purchased by private equity bankers who had a vision to replicate the success of JB Hi-Fi in Victoria right across Australia. JB Hi-Fi listed on the ASX in 2003 and, today, has over 300 stores in operation across Australia and New Zealand. The company also operates highly successful online stores in both markets.
Throughout its history, JB Hi-Fi has expanded its product offering to now include a wide range of home entertainment, gaming, music and IT products as well as white goods and home appliances. The company has made several acquisitions along the way including purchasing The Good Guys in 2016.
Since listing on the ASX, the JB Hi-Fi share price has performed well, returning over 25 times the initial investment to shareholders.
JB Hi-Fi Limited (ASX: JBH) Latest News
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