News

Crazy Clark's and Sam's Warehouse placed into receivership

POPULAR discount stores Crazy Clark's and Sam's Warehouse have gone into receivership. 

David Winterbottom and Rahul Goyal of KordaMentha Restructuring have been appointed receivers and managers of DSG Holdings Australia Pty Limited ('DSG').

DSG operates retailers Crazy Clarks and Sam's Warehouse with 143 stores across Australia.

This follows the appointment of Steve Nicols of Nicols + Brien as voluntary administrator of DSG.

The Receivers have taken full control of the day-to-day operations of DSG and are working with the management of the company to explore various options whilst running a store/stock rationalisation program.

Mr Goyal said: "We will be immediately exploring the going concern sale of the profitable Crazy Clark's and Sam's Warehouse stores to interested parties".

Topics:  shopping stores



How to survive a bushfire in your car

IT SOUNDS like a nightmare, but it can happen.

Eight reasons to join the RFS

SPREAD across 93% of Queensland, the Rural Fire Service has about 36,000 volunteers. And you could be one of them.

What if my insurer gives me grief?

CLAIMING your insurance cover after a natural disaster can go one of two ways. It can be a breeze, or like pulling teeth.

Learner drivers given helping hand with new app

A pilot of the innovative AAMI SmartPlates app is underway with more than 100 learner drivers.

The AAMI Smartplates App pilot program will run until January 2017

Local Partners

David Attenborough on facing his mortality

Sir David Attenborough in a scene from the TV special The Death of the Oceans.

Life without Sir David Attenborough is hard to imagine

Goooodbye Hamish and Andy (from our radios)

Hamish and Andy

The pair have been on air since 2006

Saying "I do" changed Shia's outlook on marriage

Shia LaBeouf has a new outlook on marriage since he tied the knot.

Singer tunes in to first movie role

Tori Kelly voices the character Meena in the movie Sing.

Musician Tori Kelly voices Meena the teenage elephant in Sing

Cricketing greats bring Aussie mateship to commentary box

Cricket commentator Adam Gilchrist.

ADAM Gilchrist enjoys the fun of calling the Big Bash League.

The dead help solve the case

Debut novel delivers on wit, violence and shock

Chinese locked out of Australian property market

The rules are different if you're a foreigner

The buyer was from China - the trouble started right there

Morrison signs off on new affordable rental model

Australia's Treasurer Scott Morrison speaks during a press conference after a meeting of the Council of Federal Financial Relations at Parliament House in Canberra, Friday, Dec. 2, 2016.

Scott Morrison signed off on development of a new financing model

Coast high-flyer's fight back from bankruptcy, $72m debt

Scott Juniper went from millionaire developer to declaring bankruptcy in2012, now he is back on top of his game again with new developments including this one in Coolum.

'Apocalyptic lending storm' causes financial collapse.

How your home can earn you big $$$$ this Christmas

This luxury Twin Waters home rents out over Christmas for more than $6000 a week.

Home owners earning thousands renting out their homes this Christmas

Ready to SELL your property?

Post Your Ad Here!