Boomerang Jewellers set to close in mid year

By MARAIA VULA

Boomerang Jewellers Limited’s closing-down sale is not a gimmick.
Managing director Jayanti Lal said: “Because I’m selling everything and closing down my shop.
“We have received a few enquiries from interested buyers to take over the Boomerang name and if things go well somebody will but it’s not fixed yet.
“This closing-down sale started in mid-January and maybe in April or May, we might hand over depending on the day-to-day sale because it’s a big question.
“The closing down sale prices are suitable for every person; it’s ranging from $10 to more than $1000 and these prices are unbeatable,” he said.
The 65-year-old said he was retiring to take care of his health.
He also explained that his children were not interested in taking over the business because young generations these days wanted to do their own thing.
“My customers are not happy; I told them my health was not right and I needed to have a break and they must understand my situation,” he said.
“My suppliers are not happy either but I told them I would still support them and whoever takes over will have everything transferred to them.
 “The business has been well-established for the last 40 years and we are still doing good business even during the last five years.”
He added: “We are still working out the total value of the business but stock is sold on a walk-in-walk-out basis complete with the shop fittings and other stuff.”