VIC:Last ditch talks to save South Wharf DFO

AAP General News (Australia)
08-19-2010
VIC:Last ditch talks to save South Wharf DFO

The fate of Melbourne's debt-ridden South Wharf Direct Factory Outlet could be known
today as last ditch talks continue to try to save it from receivership.

Insolvency firm KordaMentha says the future of DFO .. which is understood to have debts
of 550 million dollars to banks and other creditors .. should be known by 9am (AEST).

Developer Austexx operates the eight DFO complexes along Australia's eastern seaboard.

ACCC chairman GRAEME SAMUEL is an investor and stands to lose most of his 50 million
dollar fortune.

AAP RTV jxt/gfr/crh/wz/jen

KEYWORD: DFO (MELBOURNE)

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