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Post Info TOPIC: Coles helps out Dick Smith Gift Card Holders.....


Guru

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Coles helps out Dick Smith Gift Card Holders.....


Gday...

http://startsatsixty.com.au/living/shopping/surprising-good-news-in-the-dick-smith-saga-hats-off-to-this-retailer-for-finding-a-solution?utm_medium=email&utm_campaign=Daily%20Starts%20At%20Sixty&utm_content=Daily%20Starts%20At%20Sixty+CID_3dabafecfe4c5e4a7682c20d6270e4bc&utm_source=EDM&utm_term=Surprising%20good%20news%20in%20the%20Dick%20Smith%20saga%20%20hats%20off%20to%20this%20retailer%20for%20finding%20a%20solution

Cheers - John



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Guru

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Now that is interesting.

Really good to read a "feel good post"

Thanks Mike.



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Senior Member

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Woolworths actually owns Dick Smith

en.wikipedia.org/wiki/Dick_Smith_(retailer)

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Guru

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jade46 wrote:

Woolworths actually owns Dick Smith
https://en.wikipedia.org/wiki/Dick_Smith_(retailer)


 Gday...

I fixed your like Jade46.

However, read the link and you will see that Woolworths sold the 'enterprise' to Anchorage Capital Partners in 2012 for $115Million - Anchorage Capital Partners listed it on the ASX at $520million. http://www.anchoragecapital.com.au/

It is now worth less than $60million - and carrying too much inventory, very little sales activity and too much debt.

Cheers - John



-- Edited by rockylizard on Sunday 10th of January 2016 07:48:28 AM

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2006 Discovery 3 TDV6 SE Auto - 2008 23ft Golden Eagle Hunter
Some people feel the rain - the others just get wet - Bob Dylan



Senior Member

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Date:

It's only if you bought the gift card from Coles that they will help you out, bought from anywhere else and bad luck you done your dough at the moment.

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On the road full time and loving it.



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Plus you must the original purchase receipt.

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Denis

Ex balloon chaser and mercury measurer.

Toowoomba.

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