Strathfield Group Goes Into Administration

StrathfieldLogo.gifFor a few weeks, I've been watching (and deleting) posts coming in from the US discussing electronics retailers going broke, and whether these represent bargain opportunities. Now it looks like we'll get our own go at that principle down under, with Strathfield Group appointing receivers. Mahesh Sharma at AustralianIT reports that one outcome might be company-owned stores being sold to franchisees, so there may not be a bargain hunt on for a while, but it's one to keep an eye on.


Comments

    As a past employee of the company, this is not surprising news at all... don't hold your breath for a bargain hunt, you couldn't pay me enough to sink my own money into this mess...

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