Clive Peeters collapse ‘the death of traditional retail’

By David Olsen · 19 May 2010 · Locked

Retail Giant on Brink of Collapse

A beloved Australian retailer is on the verge of disaster, with administrators called in to salvage the business. But what led to this catastrophic collapse, and what's next for jobs and customers?

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Summary

Clive Peeters directors have been forced to call in administrator McGrath Nicol due to a mounting debt burden and collapsing sales.

Tags: Australia, Clive Peeters, Finance, Retail