High-flyer no more: A diminished Vita accepts takeover offer

Vita Group’s board has backed a takeover via a scheme of arrangement with Practice Management which values the company at just $22 million.

Skin deep: Vita Group cuts growth expectation, writes down $14m

Vita Group’s transformation from a phone retailer into a beauty company has hit a hurdle and forced a goodwill write down of $12.4 million, which led to a first half loss of $16 million.