Tuesday, 17 August 2010

Homebush. Collapse could affect DFO outlet

A key part of the DFO retailing empire has been crushed by up to $550 million in debt, throwing into doubt the future of the entire factory outlet chain. Banks are likely to appoint receivers Korda Mentha as early as today to South Wharf Retail, which owns South Wharf DFO in Melbourne.The collapse threatens to drag down seven other DFO stores, including the Homebush store, and a developer, Austexx. The stores and Austexx have guaranteed SouthWharf Retail's debts.



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