Allphones Slides Into Administration
2017 has claimed its latest casualty with reports that local retail chain Allphones has gone into administration.
Originally reported by ABC, Allphones staff are said to have been briefed on the news this morning.
However, hundreds of employees from the company’s eighty stores are said to be uncertain about their future with the company.
The parent company of the chain, which calls itself “Australia’s largest independent telecommunications retailer”, announced an “impairment” of $25 million in 2014 after it lost a contract to run 45 Virgin-branded outlets across Australia.
That impairment, in combination with Optus’ withdrawal of stock from Allphones stores is currently believed to have set the company on a downward spiral.
ChannelNews has reached out to Allphones but received no response aside from an automated message indicating that the company’s support line was currently unstaffed.
More to come.