#brashs

[bastiaan12]

Did you listen to the tape I made you? I hope so.

[realindevelopment-returns]

[vhsdreamz]

[yourwizardofaus]

Nostalgia is ... shopping for your music at Brashs in the 80s.

Before British music megastores Virgin and HMV arrived in Australia there was the home-grown Brashs, an electronics and music store chain that was originally founded in 1862 by Marcus Brasch.  The C in the surname was dropped during WWI due to anti-Germanic sentiments.

Following WWII, the company diversified from a simple music store to selling refrigerators and household goods. The company stopped selling whitegoods during the 80s but unsuccessfully re-entered the market later and sustained heavy losses. According to Geoff Brash, the last family executive, the problems that caused the collapse were authoritarian leadership, cheapening of values, advertising that didn't deliver, over-expansion, faulty management information systems, increased competition and internal conflict.

Brashs, which was listed on the Australian Securities Exchange, was placed into voluntary administration in 1995.  It was delisted and shareholders received no return.  Subsequently, the firm was purchased by the Singapore based businessman Ong Beng Seng at a cost of $40 million.  During February 1998, the chain fell into receivership with debts owing of $80 million.  At that time the Brashs franchise had 105 outlets, employing over 2,000 staff members.

[stuffont]

Pumped for Monday! #MidnightOil #Oils #Brashs #yeahimold #whatofit

[inthesundaypark]

Almost 21 years ago, and I still listen to it at least once a week.