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News: DSH Dick Smith Holdings to close stores in Australia and New Zealand

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    25/02/16
    21:15
    Post #: 17119403

    Feb 24 (Reuters) - Dick Smith Holdings Ltd (DSH) :

    • Remaining Dick Smith and move stores (excluding airport locations) in

      Australia and New Zealand will close

    • Says approximately 2,460 staff will be impacted by the store closures in

      Australia and approximately 430 in New Zealand.

    • It is anticipated that the closure of the remaining 301 stores in Australia

      and 62 stores in New Zealand will take approximately 8 weeks.

    • All Australian employee entitlements will rank as priority unsecured claims

      ahead of secured creditors,are expected to be paid in full

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