+1-888-308-5802     
News Contact Us

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

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

Virgin Atlantic files for bankruptcy due to low air travel demand

Published Date: 2020-08-06         Author: Saipriya Iyer

Virgin Atlantic, a British airline, is currently seeking protection under Chapter 15 of the United States bankruptcy code. This announcement also marks the struggle faced by numerous carriers, including Australia’s 2nd largest airline, Virgin Australia, to survive amid severe decline in air... Read More

NHS England invests £160M on new ‘COVID-friendly’ cancer drugs

Published Date: 2020-08-04         Author: Saipriya Iyer

NHS England is reportedly investing £160 million on new ‘COVID-friendly’ cancer drugs that are less likely to impact the patients’ immune system. The drugs can also be prescribed for patients at home to reduce their instances of visiting the hospitals, which will allow them t... Read More

Kodak share soars post active drug ingredient development deal

Published Date: 2020-07-30         Author: Saipriya Iyer

Shares of Eastman Kodak, an American technology company, have recently increased, following the announcement of a deal by the U.S. President Donald Trump. The agreement is regarding the President’s collaboration with the company to produce active ingredients for generic medicines to fight agai... Read More

© 2020 Fractovia. All Rights Reserved