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Dick Smith’s rapid fall

Article image for Dick Smith’s rapid fall

Ross Greenwood speaks to Tony Boyd from the AFR about the report into Dick Smith.

Administrators have bought out a report which says Dick Smith have significant debts. 

These debts are said to be $260 million. 

Tony Boyd has followed it closely and discussed it with Ross Greenwood.

‘The company was trying to grow too fast, expand too rapidly,’ Mr Boyd said.

‘They were buying products to sell, simply because of the rebates they were getting from the suppliers.

‘That’s not a good strategy.’

Click PLAY to hear Tony Boyd on MoneyNews

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