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The Strathfield phoenix resumes ASX trading

The Strathfield phoenix resumes ASX trading

Retail group continues to recover from 2009 woes

The Strathfield Group has resumed trading on the ASX, signalling further recovery from the debts that rocked it last year.

The retailer went into voluntary administration in January 2009, where it was reported to have debts topping $150 million. However, a June 9 release to the ASX stated the group has been reinstated to official quotation.

Strathfield has also undergone some management changes, with its finance director, Emil Dimitrov, announcing his retirement as executive director.

In a statement to the ASX, the Strathfield Board said as a result of the organisational restructure and the simplification of the business model, the duties of finance director will be assumed by the chief financial officer of the group.

Dimitrov will continue with Strathfield as a non-executive director advising the group on strategic, commercial and financial matters, including investor relations.


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