Andrew Wright
Top Contributor
Dropping tomorrow, a bit of eCommerce history. I'm sure someone will pick this up (bid guesses anyone?), but this has to be a prime example of a poisoned chalice...
From https://en.wikipedia.org/wiki/DStore
" Dstore went into liquidation for the second time in September 2015.
The original dstore was established in January 1999 and was originally backed by some of the biggest names in Australian business including the founder of LookSmart, Evan Thornley, and Kerry Packer's ninemsn. It was sold for an undisclosed sum to the Harris Scarfe group in November 2000. In April 2001, Harris Scarfe was placed in receivership and dstore was offered for sale by receivers and managers, Ferrier Hodgson.
HotShed Retail acquired dstore on the 10th of September, 2001. HotShed Retail paid a reported $615,000 for dstore and immediately re-launched it using HotShed’s technology platform. A break-even result was reported in the 2001 Christmas quarter. HotShed's directors at the time were Brisbane based brothers Andrew & Tim Cooper. Tim Cooper subsequently left the business.
As of September 2015 Dstore.com.au, then under the sole directorship of Andrew Cooper, was shutdown with liquidation headed by Vincent's Chartered Accountants. Many customer orders from May 2015 onward were left unfulfilled and thousands of dollars worth of gift vouchers became invalid (due to unsecured creditor status)<http://www.productreview.com.au/p/dstore-com-au.html >."
From https://en.wikipedia.org/wiki/DStore
" Dstore went into liquidation for the second time in September 2015.
The original dstore was established in January 1999 and was originally backed by some of the biggest names in Australian business including the founder of LookSmart, Evan Thornley, and Kerry Packer's ninemsn. It was sold for an undisclosed sum to the Harris Scarfe group in November 2000. In April 2001, Harris Scarfe was placed in receivership and dstore was offered for sale by receivers and managers, Ferrier Hodgson.
HotShed Retail acquired dstore on the 10th of September, 2001. HotShed Retail paid a reported $615,000 for dstore and immediately re-launched it using HotShed’s technology platform. A break-even result was reported in the 2001 Christmas quarter. HotShed's directors at the time were Brisbane based brothers Andrew & Tim Cooper. Tim Cooper subsequently left the business.
As of September 2015 Dstore.com.au, then under the sole directorship of Andrew Cooper, was shutdown with liquidation headed by Vincent's Chartered Accountants. Many customer orders from May 2015 onward were left unfulfilled and thousands of dollars worth of gift vouchers became invalid (due to unsecured creditor status)<http://www.productreview.com.au/p/dstore-com-au.html >."
