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Dick Smith Stores to close - 26th Feb 2016

9:42 AM Friday Feb 26, 2016


'Greedy bankers' to blame for collapse, says Dick Smith

Christopher Adams The Business Herald’s markets and banking reporter.


The founder of electronics chain Dick Smith has told Australian media outlets that "greedy bankers" were behind the collapse of the company he founded nearly 50 years ago.

Electronics retailer Dick Smith Group, which collapsed last month, announced yesterday it would close its 363 stores in Australia and New Zealand after its receivers couldn't find a buyer.

Nearly 3000 workers will lose their jobs - 430 of them in New Zealand.

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