Dick Smith to shut down all stores, 3000 staff to go

Dick Smith to shut down all stores, 3000 staff to go

Entrepreneur Dick Smith has charged the private equity group that recorded the Dick Smith gadgets stores in a $520 million public float of destroying  the business and putting near 3000 staff out of work after beneficiaries, Ferrier Hodgson, reported it was closing down the beset chain. The founder of the original Dick Smith business said […]

Dick Smith CEO quits as receiver looks to sell battling business

Dick Smith CEO quits as receiver looks to sell battling business

  Don Grover replaces Nick Abboud as Dick Smith CEO a week after the electronic retailer was put in willful administration with obligations of about $390m. The Dick Smith CEO, Nick Abboud, has quit a week after the electronic retailer went into receivership with obligations of about $390m. The recipient, Ferrier Hodgson, says Don Grover […]

Dick smith goes administration; Gift cards bought from Coles still valid

Dick smith goes administration; Gift cards bought from Coles still valid

Australian supermarket Coles will exchange a Valid Dick smith card for its customers prior to the electronic store going into administration. Dick smith went into administration on Tuesday making these gift cards worthless. Many customers were furious about the outstanding gift cards, some worth more than $1000 and not honored by the shop. As soon […]