Aussie Disposals to shut down stores after bushfires & COVID-19 spread
Author : Saipriya Iyer | Published Date : 2020-04-16
Aussie Disposals, a company that provides camping supplies in Australia, has reportedly collapsed into administration as it suffered losses owing to two calamities in the summer, with the bushfires and coronavirus. The firm is going to be closing about 12 out of the 36 stores that are mainly located in Victoria, NSW and South Australia. The staff had been given the notification regarding the administration recently.
Aussie Disposals have all kinds of products ranging from tents to military fatigues and gold prospecting equipment. It has a total of 36 stores out of which 23 are owned by the company and the other 13 stores are mainly operated by the franchisees. The company also offered products to the scouting groups’ school-aged cadets and even Australian Army Reserves.
The group has been the most lasting retail brand in Australia that was founded in the year 1962 by Jack Purvis. Mark Purvis, son of the founder had bought the business from his father in 1992 along with three of his business partners.
Mark Purvis stated that after the group’s restructuring only about 11 corporate stores will be operating. The company aims to trade throughout this and lower the number of stores which can help it emerge as a smaller group and have a better position as compared to what the group is in now. As an Australian-born business, the company is hoping to continue as a core Australian retailer.
The company essentially runs both the franchisee stores as well as the corporate stores. Sources familiar with the matter informed that the corporate stores will be closing. The franchisee stores had been expected to remain unaffected amid the insolvency on account of the company’s structure.
It employs nearly 120 people, excluding the staff who work at the stores owned by the franchisee. There has been no disclosure about the number of staff that will be losing their jobs due to the corporate store closures.
Source Credit- https://www.smh.com.au/business/companies/aussie-disposals-collapses-under-coronavirus-bushfires-pressure-20200415-p54jyu.htm
About Author
Saipriya Iyer . .
Saipriya Iyer presently works as a content developer for fractovia.org. Having dabbled with the domain of content creation for nearly half a decade, she now boasts of an enviable portfolio, holding substantial experience in penning down pieces related to technology, finance, and a wide spectrum of other industry verticals. A qualified computer engineering graduate from the University of Pune, Saipriya can often be found leveraging her knowledge of software technology and electronics in her write-ups. She can be contacted at- [email protected] | https://twitter.com/saipriya_i
Related News
Hero MotoCorp under investigation by Ministry of Corporate Affairs
The Indian Ministry of Corporate Affairs has reportedly ordered a probe into Hero MotoCorp to examine its association with an external vendor regarding alleged fund diversion. The objective of the investigation, conducted in the "public interest," is to evaluate the Hero MotoCorp owners... Read More>>
UK: Residents receive bills of up to £49,000 after Ovo acquires SSE
Customers of Ovo, the energy supplier were reportedly left shocked when they received energy bills of up to £49,000, due to data errors that led to overinflated energy bills for some residents. Ovo accepted that some of its customers have been affected by erroneous meter readings, and it bl... Read More>>
Bob Iger returns to Disney as CEO less than a year post retirement
Bob Iger, the ex-CEO of Walt Disney Co., is reportedly coming back to the mass media giant less than a year after his retirement. The surprise announcement comes at a time when Disney is struggling to earn profits from its streaming TV services. According to a statement released by Disney late Su... Read More>>