Discount stores in receivership with doors set to close
THE DOORS are set to close on Rockhampton's discount retailers Sam's Warehouse and Crazy Clark's after their parent company was placed in receivership.
David Winterbottom and Rahul Goyal of KordaMentha Restructuring have been appointed receivers and managers of DSG Holdings Australia Pty Limited.
This follows the appointment of Steve Nicols of Nicols + Brien as voluntary administrator of DSG, which operates 143 Sam's Warehouse and Crazy Clark's stores across Australia.
The receivers have taken full control of the day-to-day operations of DSG and are working with the management of the company to explore various options while running a store/stock rationalisation program.
"We will be immediately exploring the going concern sale of the profitable Crazy Clark's and Sam's Warehouse stores to interested parties," Mr Goyal said.
145 Gladstone Rd, Allenstown
92 East Ln, Rockhampton City
Shop 1E, Rockhampton Shopping Fair, 331 Yaamba Rd