$80m debt forces Rick Damelian into receivership
By Lorna Brett · 6 September 2011 · Franchising
By Lorna Brett · 6 September 2011 · Franchising
See the complete version on Dynamic Business for the full story and insights.
The Damelian Group and its nine vehicle franchises in Sydney have been placed into receivership, with $80 million owing to the National Australia Bank.
Tags: Alfa, Citroen, Ferried Hodgson, Ferrier Hodgson Receivers and Managers Steven Sherman and Jim Sarantinos, Fiat, Honda, National Australia Bank, Renault