Original article by Lucas Baird
The Australian Financial Review – Page: 14 : 7-Jan-20
Failed department store group Harris Scarfe will be restructured prior to its sale. This will result in the closure of 21 stores nationwide, including eight in New South Wales and three in Victoria. This will leave 44 stores for prospective buyers of the group, which collapsed in late December. The store closures will result in the loss of about 440 jobs; Shop, Distributive & Allied Employees’ Association secretary Josh Peak says the union’s priority will be to ensure that retrenched workers receive their full entitlements.
HARRIS SCARFE HOLDINGS LIMITED, SHOP, DISTRIBUTIVE AND ALLIED EMPLOYEES’ ASSOCIATION, DELOITTE RESTRUCTURING SERVICES, ALLEGRO FUNDS PTY LTD, GREENLIT BRANDS