A retailer with stores across the east coast of Australia collapsed after racking up an incredible $16 million in debt with customers owed almost half of the money.
Johnnys Furniture had operated 14 stores across Queensland, New South Wales and Victoria.
But shockingly the collapse led to alleged theft and verbal and physical abuse of employees, according to a bombshell report to creditors which was leaked to news.com.au.
When the company collapsed, there were approximately 84 employees and the business continued to trade after administrators were appointed on June 4 as they sought to sell it.
However, despite employing security guards, staff were subject to verbal abuse, physical violence, customers unlawfully entering stores and customers…
Read the full article at: https://www.news.com.au/finance/business/retail/all-staff-sacked-in-16m-company-collapse/news-story/f15c52d28eb7faeecba5819b77b2e4d4
