Administrators of the stricken Dick Smith Holdings
(ASX:DSH) say they are committed to extracting the best value from the brand.
Speaking at a creditor meeting in Sydney yesterday Joseph Hayes from McGrathNicol said a sale of the entire network to a well capitalised buyer would release the most value.
Banks are owed $140 million and over 3000 staff are due $15 million in wages and leave entitlements with another 350 unsecured creditors owed around $250 million.
The company called receivers in two days before Christmas following a difficult few months.
Dick Smith Holdings reported a net profit of $37.9 million for the 2015 financial year.
