With Dick Smith entering receivership and home furnishings company Laura Ashley Australia appointing administrators this week, you might be forgiven for thinking that January is a particularly bad time for corporate collapses.
Receivers were appointed to Dick Smith on Tuesday, with the electronic retailers 393 Australian and New Zealand stores no longer honouring outstanding gift cards or customer deposits.
The Australian arm of Laura Ashley entered voluntary administration yesterday, with the businesss 38 Australian stores continuing to trade as normal and its administrators preparing to call for expressions of interest.
This time last year also saw the collapse of century-old Australian chocolatier Ernest Hillier, which turned ove…
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