The Distillery: Dick Smith's new dawn

Jotters marvel at Dick Smith's quick return to the market so soon, while one says broader business optimism is misguided.

When Anchorage Capital Partners bought a beaten-down Dick Smith from Woolworths last November, nobody guessed the private equity firm would bring a strengthened electronics retailer back to the market in less than a year. The surprise news that Anchorage is already considering floating the business has one scribe suspicious about the reported turnaround, while another defends Woolworths for relinquishing control in the first place.

At the Australian Financial Review, Sue Mitchell is astonished at Dick Smith's comeback – and at Woolworth's inability to see the opportunity.

{{content.question}}

Mastercard

{{ twilioFailed ? 'SMS Code Failed to Send…' : 'An SMS verification code has been sent ...' }}

Hi {{ user.FirstName }}

Looks like you have already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to complete your SMS verification

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to proceed...

Please check your mobile number below and press the Send Verification Code button. This will be used to complete your verification in the next step.

Please sign up for full access

Mastercard

Updating information

Please wait ...

Trial

Mastercard
{{ productPrice }} / day
( GST included )
Price $0
GST $0
Discount -{{productDiscount}}
TOTAL {{productPrice}}
  • Mastercard
  • Visa

Please click on the ACTIVATE button to finalise your membership

Mastercard

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device


Register as a new member

(using a different email)

Related Articles