Mobile phone retail chain Allphones went into voluntary administration today.
Allphones, which opened its first shopfront in South Australia in 1989, is the largest independent telecommunications retailer in Australia with 80 company-owned, licensed and franchised stores and 440 staff.
As a first step, 18 company-owned Allphones branded stores will be closed today due to insufficient funding, putting 69 people out of a job.
Phil Carter, Daniel Walley and Mark Robinson of PPB Advisory have been appointed voluntary administrators of the nine Australian companies which make up the Allphones Group.
Talks have started with interested parties who could take over the operation of the rest of the store network, whic…
Read the full article at: http://www.businessinsider.com.au/report-allphones-is-set-to-go-into-administration-2017-2