In 1983, JB Hi-Fi was acquired by Mr Richard Bouris and his partners, David Robb and Peter Caserta.
The Early Days and Acquisition
This significant transaction saw the founder, John Barbuto, sell his single retail electronics store to this new ownership team. At the time of the sale, JB Hi-Fi was a modest operation, trading exclusively in Keilor East, far from the national retail giant it would eventually become.
The acquisition by Bouris, Robb, and Caserta marked a pivotal moment in the company's history. Their vision and leadership after 1983 were instrumental in growing the brand beyond its humble beginnings, setting the stage for its subsequent expansion and transformation into one of Australia's leading consumer electronics retailers.
Key Details of the 1983 Acquisition:
- Buyers:
- Mr Richard Bouris
- David Robb
- Peter Caserta
- Seller: John Barbuto (founder of JB Hi-Fi)
- State of JB Hi-Fi at the time: It was a single store.
- Location of the store: Trading in Keilor East.
- Significance: This purchase was a crucial step that laid the groundwork for JB Hi-Fi's subsequent growth and widespread success across Australia.
