Thursday 29 January 2009

Region. Car radio firm in administration

The car radio and mobile phone dealer, Strathfield Group, which has 10 outlets across Western Sydney, has called in the administrators. The company said it had no choice but to call in an administrator, BRI Ferrier, after accruing $67 million in loses since listing on the sharemarket a decade ago. It will try to retain as many of its 350 staff as possible and avoid closing its 75 stores.

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