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It said the British network had "struggled in tough trading conditions" and it would "go back to basics" by selling its corporate stores and acting as a master franchisor.
It also said it would stop operating auto financing business Carboodle because its volume growth had been too low. It would instead change to a secured motor-lending business. It plans to expand operations in Australia, offering a wider range of loans to include "medium amount" loans of up to 5000.
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Cash Converters said it had signed a new facility to replace its bank funding, with Fortress Investment Group.
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