“NO real dramas” is the outlook for Retravision Sale, after the electrical goods chain’s main buying co-operative went into voluntary administration this week.
The Sale store is among more than 100 Retravision stores across Victoria, Tasmania and New South Wales, which are reportedly confident they will not be adversely affected by the collapse of Retravision Southern Ltd.
The co-operative, owned by store franchisees, went into administration on Monday, with debts to creditors estimated to be more than $30 million.
Manager of Retravision Sale, Rob Walker, said the collapse would not impact his store and the eight staff working there. “We’re not greatly affected by it,” he said.
“It was part of our buying group that collapsed, but insofar as we’re concerned, it’s still business as usual.”
Mr Walker wasn’t able to speculate on the future of Retravision Sale, including whether business would become independent.
For more read Friday’s Gippsland Times.