David Rowe
There is nothing like a clinical post mortem to lift the corporate veil and reveal the desperate actions taken by a company sliding rapidly towards insolvency.
Chanticleer can thank the administrator of Dick Smith Holdings, Joe Hayes from McGrathNicol, for a particularly well written case study that can be added to the Australian corporate undertakers’ library under the heading “electronics retailing”.
Dick Smith had $1.3 billion in sales and collapsed owing its creditors about $260million. The …
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