Inside the Australian and New Zealand book industry

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RedGroup administrators: staff owed $7.8 million, unsecured creditors $44 million

The administrators of REDgroup Retail held the first creditors' meetings in Melbourne and Auckland yesterday. Key pointsstaff owed $7.8 millionunsecured creditors owed $44 millionPEP owed $118 million$120 million in stock on handunredeemed vouchers worth $15 millionstore closures likelysecond creditors meeting to be delayedAdministrator Steve Sherman of Ferrier Hodgson told the Melbourne...

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Category: Local news