There have been a number of spectacular corporate collapses in 2012 as some of Australia’s oldest and longest held family businesses have gone to the wall.
A punishing retail environment, poor strategic decision making and stacks of cumbersome debt have crippled companies once thought too old or too big to fail.
But track records and size have been cast aside as administrators were appointed in board rooms right across the country, some voluntarily, others red faced and reluctantly.
To make certain we learn from the biggest folds of 2012, here’s a recap of the most public company collapses and the cause of their demise...
Dec 7, 2012
Drop us a line if you've got a question, want to share you business story, or just want to say hi!Write To Us Now »
Abbott Pitches To Small Business ~ Retailers Lose Brand Value ~ Home Loan Wars Heat Up Again http://t.co/LVFOBMB6QQ
New episode of KBB out now! Tips on selling your business, the best apps for savvy #smallbiz owners and much more! http://t.co/O23rODV4pP
Got your site sorted? Design your own online shop quickly and easily with KBB Web-In-A-Box. http://t.co/thwHNwsoRW
Copyright © 2013 Yahoo!7
All rights reserved.