Godfreys’ John Johnston Dies Aged 100
Owner and founding partner of national vacuum cleaner retailer Godfreys, Mr John Johston, has passed away aged 100, mere months after bringing back the struggling retailer after a successful takeover in June.
Mr Johnston turned 100 in July this year, only weeks after he and his family completed the successful takeover of the then publicly-listed Godfreys returning it to private ownership.
Mr Johnston officially opened a new store in Adelaide Arcade last October, only metres from where he opened the first Godfreys outlet in 1939.
“Mr Johnston was an outstanding businessman with an incredible vision, unrelenting drive and with an eye for the future,” Godfreys’ CEO John Hardy said in a release.
He credited the long-term survival of Godfreys to Mr Johnston who has been with the company since 1936 when he joined as a partner.
“One of the reasons he bought back Godfreys this year was because he could see a great long-term future for the business under private ownership.”
Hardy stated the ownership of Godfreys would remain with the family and the company would operate as normal.
Mr Johnston is survived by his daughter Jane.