WebSep 7, 2016 · Chief executive of Dick Smith, Nick Abboud, and the banks placed the retailer into receivership with debts of more than $400 million. About $140 million of that was owed to NAB and HSBC. The reason the banks acted as they did, according to Mr Tomlinson, was because they had a lack of trust in Dick Smith management. WebComments Receivers of failed retailer, Dick Smith, have penned April 30 as the final day of closure for the retailer’s extensive number of bricks and mortar stores. A couple of stores …
The ugly story of Dick Smith, from float to failure
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