[First filed: Aug 17, 2010 @ 9:24]
The smh brings us word that the DFO empire is on the brink of collapsing in debt which could also mean the end of the half empty Fyshwick site.
Banks are likely to appoint receivers Korda Mentha as early as today to South Wharf Retail, which owns South Wharf DFO in Melbourne.
The collapse threatens to drag down seven other DFO stores, including the Homebush store, and a developer, Austexx. The stores and Austexx have guaranteed SouthWharf Retail’s debts.
Mr Snow must be rubbing his hands together with glee in his airport headquarters at the possibility of his Brand Depot winning by default.