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This press release(http://dicksmithholdings.com.au/wp-content/uploads/2016/01/Press-Release-Ferrier-Hodgson-Dick-Smith-Holdings-January-2016.pdf http://dicksmit
by _kyran 11y ago
This press release(http://dicksmithholdings.com.au/wp-content/uploads/2016/01/Press-Release-Ferrier-Hodgson-Dick-Smith-Holdings-January-2016.pdf http://dicksmithholdings.com.au/wp-content/uploads/2016/01/P...) from today says it all:
Dick Smith Holdings Ltd, (‘DSH’) one of Australia’s largest electrical retailers, was placed in
receivership today following the appointment of Voluntary Administrators.
Receiver Mr James Stewart said it was too early to clearly identify the primary causes of the
company’s current financial position and the reasons for its decline other than saying the
business had become cash constrained in recent times.