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Dick Smith's CAT. Australia joins in the Apple Clones. Australia has had its fair share of involvement with the Apple cloning business.

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Dick Smith Holdings Limited formerly Dick SmithDick Smith Electronics or DSE was, untilan Australia-wide chain of retail stores that sold consumer electronics goods, hobbyist electronic components, and electronic project kits. The chain expanded successfully into New Zealand and not so successfully into several other countries. Sinceonline retailer Kogan.

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Contact Aleksandra Pejoska T: 02 E: apejoska mcgrathnicol. Under the Deed of Cross Guarantee if any company in the Group is wound up, then the other companies in the Group also guarantee the repayment of the amounts owed to the creditors of that company. The effect of this is that creditors owed amounts by one company in the Group can also participate and vote as contingent creditors of all the other companies which are parties to the Deed of Cross Guarantee.

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Updated February 25, The founder of Dick Smith electronics says greed caused the business' downfall, as stores across Australia and New Zealand prepare to close over the next eight weeks. The company was forced to announce the closures after its receivers were unable to find a suitable buyer for the company.

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On 13 Julythe voluntary administrators released their section A report to creditors and notice of the second creditors' meeting. The creditors' second meeting is scheduled for 25 July For more information, visit the McGrathNicol website.

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Cut-price online retail king Ruslan Kogan has relaunched Dick Smith Electronics as an online-only retailer with new Australian and New Zealand websites going live today. The electronics retail site will offer a range of over products, including smartphones, tablets, cameras and home appliances, Kogan said. It has no plans to reopen physical stores.

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Dick Smithin full Richard Harold Smithborn March 18,Roseville, New South WalesAustraliaAustralian aviator, filmmaker, explorer, businessman, and publisher, renowned for his aviation exploits. Smith had limited formal education at public schools and a technical high schoolbut his inventiveness and curiosity soon turned him into one of the signal success and survival stories in modern Australia. His remarkable entrepreneurial skills first appeared when he founded Dick Smith Electronics in By the time he sold the firm inSmith was a household name and his firm was a market leader in selling small electronic items, from calculators to computers.

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The closure of Dick Smith stores was emotional for many, but could it have been saved? It opened the corpse from head to toe, revealing a wide array of frightening pathologies inside, from a chairman who wants to sack the CEO to some very surprising accounting. Most of those illnesses could have been survived.

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There is nothing like a clinical post mortem to lift the corporate veil and reveal the desperate actions taken by a company sliding rapidly towards insolvency. Chanticleer can thank the administrator of Dick Smith Holdings, Joe Hayes from McGrathNicol, for a particularly well written case study that can be added to the Australian corporate undertakers' library under the heading "electronics retailing". The directors report on why the company collapsed isn't worth reading because they thought the company would not have a shortfall to creditors.


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