The Allphones chain of 84 retail stores around Australia have been placed in administration due to insufficient funding to keep stores trading during a sales process.
Eighteen of Allphones company-owned branded stores were closed on Monday by the liquidators, PBS Advisory, with 69 employees losing their jobs.
The liquidators are reviewing options for the remainder of Allphones stores which, for now, are continuing to trade.
The independent mobile phone retailer operates 84 stores and employs approximately 440 people across Australia. Of the stores, 25 are company owned, seven are franchises, and the balance are licensed and operated on behalf of other parties.
The Allphones group was acquired in May 2016 by a Cana…
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