REDgroup voluntary administration: PEP owed 75% of money owed to non-staff creditors, creditors meetings announced, industry responses
Tuesday, 22 February 2011 Books+Publishing @booksandpublishing
Administrators Ferrier Hodgson has confirmed that 75% of the money owed by REDgroup Retail to non-staff creditors is owed to the group's owner Pacific Equity Partners (PEP).As reported in a special bulletin of the Weekly Book Newsletter last week, REDgroup--which owns the Angus & Robertson chain in Australia, Borders stores in Australia,...
Tags: ABABISGBordersRED Group Retail
Category: Local news