Court Challenge To Bookshop Breakaways

Sydney Morning Herald:

The administrators to the collapsed REDgroup Retail have initiated court proceedings against the breakaway Angus & Robertson franchisee group that last week purported to terminate their agreements with the parent company.

Administrator Ferrier Hodgson partner Steve Sherman said that following legal advice, he was convinced the franchisee group’s actions were baseless. Mr Sherman said that at no time had Angus & Robertson breached the relevant franchise agreements and that the administrators would be seeking recovery in the courts, as required by law.