Dick Smith can survive, says founder
Entrepreneur Dick Smith explains why he doesn’t own shares in the company that bears his name.
PT1M11S
620
349
Australia’s oldest electronics retailer Dick Smith has conceded its desperate pre-Christmas sale has failed to save it from the clutches of nervous bankers, who have forced it in to receivership owing roughly $150 million.
The embattled business revealed on Tuesday morning that it had called in advisory firm McGrath Nicol as voluntary administrator overnight and that its banking syndic…
Read the full article at: http://www.smh.com.au/business/retail/dick-smith-goes-into-voluntary-administration-20160104-glzc0t.html