Adairs (ASX:ADH) speeds up purchase of Mocka

22 June 2021 - Bedding retailer Adairs (ASX:ADH) has speeded up their purchase plan to fully acquire homewares and furniture supplier Mocka. The ASX-listed home furnishings specialist currently owns a 65 per cent interest in the vendor. Adairs was originally scheduled to snap up the remaining stake in two deferred payments within the next two financial years. The $773 million company has announced that it will move up their payment timeframe and purchase the remaining 35 per cent in one transaction for $45 million.