August 27, 2014 1:01 PM ET

Multiline Retail

Company Overview of DSG Holdings Australia Pty Ltd.

Company Overview

DSG Holdings Australia Pty Ltd. owns and operates discount stores and sells groceries, home wares, and health and beauty products. The company was founded in 2009 and is based in North Ryde, Australia.

Level 5

Building 0

Binary Centre

3 Richardson Place

North Ryde, NSW 2113

Australia

Founded in 2009

Phone:

61 2 8898 7777

Fax:

61 2 8898 7591

Key Executives for DSG Holdings Australia Pty Ltd.

DSG Holdings Australia Pty Ltd. does not have any Key Executives recorded.

DSG Holdings Australia Pty Ltd. Key Developments

DSG Holdings to Shut Crazy Clarks Store in Cairns Central and the Sam's Warehouse Store

DSG Holdings announced the Crazy Clarks store in Cairns Central will shut and the Sam's Warehouse store at Innisfail is set to close later this month. Sixty-six stores have closed nationwide since receivers were appointed at the beginning of the month, including the Crazy Clarks store in Mareeba, costing 13 jobs.

Interests Received For Crazy Clarks and Sam's Warehouse

Following the collapse of parent company DSG Holdings Australia Pty Ltd., receivers KordaMentha have been looking to shut unprofitable stores while finding buyers for the profitable ones. After a two-week campaign to find buyers for shop leases and businesses, the receivers said they had received 55 expressions of interest. Prospective buyers will now be asked to submit firm bids. The 26 affected stores will close on July 27, 2014 unless they run out of stock before then.

Crazy Clarks Stores To Shut

Crazy Clarks and Sam's Warehouse stores will close following collapse of DSG Holdings Australia Pty Ltd. Receivers KordaMentha plan to sell about 100 profit-making stores, while unprofitable outlets are being closed. He said they had received around 50 expressions of interest from potential buyers, though no one has yet offered to buy the entire network. "Most expressions of interest are for a single store or a group of stores -- we don't have anyone yet who wants to buy lock, stock and barrel but we have a week to go (until expressions of interest close," he said. The stores, expected to close by July 20, 2014 will sell off remaining stock over the next week or so.

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