Dick electronic smith

Announcing on Thursday morning that he was closing Dick Smith Foods because he could not viably compete on price with Aldi, Smith wept when he conceded he had been unable to save Australian jobs with the brand. Australian entrepreneur and philanthropist, Dick Smith. Credit: James Brickwood. As he prepared for his announcement at his Terrey Hills estate on Wednesday, Smith appeared to be ready for the suggestion that railing against cheap overseas imports was a bit rich from a man who built an empire on repackaged Chinese electronics. By then, Smith explains, his consumer electronics business had already been running for five years selling items such as two-way radios that were manufactured in Australia.

Dick Smith Holdings Limited formerly Dick Smith , Dick Smith Electronics or DSE was an Australian chain of retail stores that sold consumer electronics goods, hobbyist electronic components, and electronic project kits. The chain expanded successfully into New Zealand and unsuccessfully into several other countries. The company closed in , four years after its acquisition by Anchorage Capital Partners. Initially, the business focused on installing and servicing car radios.

Dick Smith is one of the most iconic retail brands in Australia. Dick Smith is a major consumer electronics retailer founded in Computers , mobility, accessories and entertainment are their speciality.

The final hopes of Dick Smith gift card holders have been dashed, with the administrator confirming that there is next to no chance of them receiving a refund. In a report to the company's creditors released yesterday, administrator McGrathNicol recommended that the Dick Smith Group be placed into liquidation and its assets sold to pay back outstanding debts. However, it admitted that there is no expectation that gift card holders will see any money, unless the liquidation process yields surprisingly high returns. Visit the Your rights section of our website for articles and advice on your consumer rights, telephone scripts, useful contacts and more. Dick Smith Group went into voluntary administration in January