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Eastern Hi Fi’s last sale not enough to cover creditors

The Eastern Hi-Fi chain, which once generated $30 million in annual turnover, had just over $1 million in stock when it went into receivership.That $1 million worth of stock – which included a substantial amount of aged products – only fetched

Robert Smith
Thu, 01 Apr 2010

The Eastern Hi-Fi chain, which once generated $30 million in annual turnover, had just over $1 million in stock when it went into receivership.

That $1 million worth of stock – which included a substantial amount of aged products – only fetched $718,000 when sold, leaving unsecured creditors out in

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Robert Smith
Thu, 01 Apr 2010
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Eastern Hi Fi’s last sale not enough to cover creditors
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