Cash Converters

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Cash Converters International Limited
TypePublic
IndustryRetail
Founded1984 in Perth, Western Australia
Websitewww.CashConverters.com
 
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Cash Converters International Limited
TypePublic
IndustryRetail
Founded1984 in Perth, Western Australia
Websitewww.CashConverters.com

Cash Converters International Limited is a worldwide pawnbroking franchise company. They also offer small financial loans to people. [1]

Contents

Australia

Cash Converters International (CCV) is a franchised retail network listed on the ASX and London Stock Exchange.

Cash Converters stores around the world offer pawn-broking loans available in selected markets, as well as a personal finance business that operates, in various forms in the micro-lending category around the world.

This company began in Perth, Western Australia, in 1984. It was founded by Brian Cumins and a group of partners. In four years, the partners were operating seven separate outlets in the Perth area.

International

A branch of Cash Converters in Bramley, Leeds, UK.

Cash Converters International (CCV) is a franchised retail network listed on the ASX and London Stock Exchange. Cash Converters trades in 16 Countries throughout the World.

Cash Converters began trading in the UK in 1992, New Zealand (1993), South Africa (1994), France (1994), Canada (1995), Spain (1995) and the USA (1994).

A number of Countries, including Australia and the United Kingdom, operate online retail channels with stock being sold and/or Auctioned. Listed stock carries warranties.


Cash Converters UK were the first to hold an Online Charity Auction for the charity Dreams Come True.

Cash Converters charge a current rate of interest of 33% per month, making their interest for the year 396% interest on the principal loan.

Ownership

Cash Converters is a publicly listed company trading the on both the Australian (CCV) and London (CCVU) stock exchange.

In November 2009, EZCorp purchased a 30% stake in Cash Converters. It now has two people on the board of the company.[2]

References

  1. ^ André Sammartino (2007), 'Retail', in Dick, H. & Merrett, D. (eds.), The Internationalisation Strategies of Small-Country Firms: The Australian Experience of Globalisation, Edward Elgar: Cheltenham, UK, pp.175-194.
  2. ^ http://www.cashconverters.com/default.aspx?MenuID=19

External links