Franklins ‘on its knees’, owner tells court
THE ”moribund” Franklins supermarket chain was ”on its knees”, most of its stores were ”tired and in need of significant work” and its financial results were ”a dismal picture of decline”, its South African owner told the Federal Court yesterday.
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John Griffiths, SC, for Pick n Pay Retailers, said he might be overdoing the metaphors as he added that ”far from being a vigorous competitive constraint, Franklins has been, and is effectively, on life support”. Brisbane Times – read more…
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