RedGroup administrators: staff owed $7.8 million, unsecured creditors $44 million
Tuesday, 1 March 2011 Books+Publishing @booksandpublishing
The administrators of REDgroup Retail held the first creditors' meetings in Melbourne and Auckland yesterday. Key pointsstaff owed $7.8 millionunsecured creditors owed $44 millionPEP owed $118 million$120 million in stock on handunredeemed vouchers worth $15 millionstore closures likelysecond creditors meeting to be delayedAdministrator Steve Sherman of Ferrier Hodgson told the Melbourne...
Tags: administrationangusrobertsonbordersferrierhodgsonredgroupretailwhitcoulls
Category: Local news