More than 1800 workers will spend Christmas not knowing how they’ll feed their families in 2020.
“The business has had the ruler run over it by various potential suitors,” he told news.com.au.
“It’s sad to see any Australian business go under, particularly one with such a history in the sector but, in the end, retailers must adapt to change and it appears that Harris Scarfe just weren’t able to do this,” she said. She says Target is another vulnerable chain as the economy shrinks and consumer confidence continues to weaken.
Less than a month ago, Harris Scarfe was bought by a Sydney-based private equity firm — Allegro Funds — which specialises in turning around businesses.‘WORKERS ARE FEARFUL’
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