Although the sale of Dick Smiths totalled some $115 million, it has been argued that Anchorage only committed $10 million in funds due to the manner which they purchased the company, and the remainder of the funds were in fact sourced from the business itself through liquidation of inventory and plant equipment, and taking provision for future onerous lease payments
With the expansions of the Superstores ( Powerhouse) and the renovations over the 30 years of ownership
I hate to think how much $$$ of shareholder funds got chewed up.
Yes it was a FAILURE
Although the sale of Dick Smiths totalled some $115 million, it...
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