Dick Smith administrators are meeting today with those owed money by the insolvent retail chain for the first time. Dick Smith owes secured creditors about $140 million and unsecured creditors, which includes customers with unredeemed gift cards, another $250 million. Its biggest creditors include Westfield owner Scentre Group and Vicinity Centres. With regard to its IT creditors, mainstream brands will be out the equation as they receive cash-on-delivery as opposed to less popular brands and un
Dick Smith administrators meet with creditors
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