Deed of Company Arrangement includes $2.8 million in funding and $40 million wiped from balance sheet
Strathfield Group creditors have declared the embattled retailer has pulled itself out of voluntary administration through the approval of a Deed of Company Arrangement (DOCA).
Retailer facing a current fiscal year loss of $10.4m, $37m owed to creditors, and more than $100m in potential claims
Embattled specialty retailer, Strathfield, owes creditors upwards of $37 million in addition to facing more than $150m in claims by Optus and Clear Communications, the company’s voluntary administrators said.
