Clock’s ticking: Laura Ashley is among retail businesses to have died recently.
In good news for insolvency firms but not much else, insolvencies are rising and the number of retailers appointing external administrators is also up.
Electronics chain Dick Smith, home furnishings company Laura Ashley Australia and clothing retailer Man To Man are among retailers to have gone under recently.
John Winter, chief executive of the industry body Australian Restructuring Insolvency & Turnaround Association, said after a quiet collapse of years, insolvency firms are now hiring staff as the end of the resources boom starts to bite.
“The economy has b…
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