The Australian:

Electrical appliance chain Retravision is the latest retailer to come under threat after one of its three franchising companies yesterday admitted they were having problems paying suppliers.

Owners of 104 franchised stores were yesterday summoned to the Melbourne head office of Retravision Southern, the franchisor and central buying group for the chain in Victoria, Tasmania and southern NSW, to discuss what a company spokesman described as “various workout solutions”.

“Retravision Southern head office is experiencing some issues with short-term cash flow — it is not the stores.”