The administrators of the Allphones Group have revealed that 34 of the group’s stores have been closed, while 50 will continue to trade during the administration process.
The mobile phone retail group went into voluntary administration on 6 February, with ARN reporting that at least 18 of its stores around the country will close up shop as a result of insufficient funding.
ARN also reported at the time that the move was expected to result in more than 60 redundancies.
Phil Carter, Daniel Walley, and Mark Robinson of PPB Advisory were appointed, on February 6, as voluntary administrators of the nine Australian businesse…
Read the full article at: http://www.arnnet.com.au/article/617268/allphones-administration-sees-34-store-closures/