5 Jan 2016

Dick Smith Stores Go Ito Receivership

From Five O'clock Report, 5:07 pm on 5 January 2016

One of the country's most well known electronics retailers, Dick Smith, is up for sale after being placed in receivership by its lenders this morning. The receiver, Ferrier Hodgson, says it will be business as usual for 393 stores in Australia and New Zealand, as it considers its future options, one of which includes selling the business as a going concern. Our Business Editor Gyles Beckford joins us now,