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