Kogan buys Dick Smith online business

AAP

AAP Source: AAP

Online retailer Kogan.com has acquired Dick Smith's ecommerce business for an undisclosed amount.


Australian online retail giant Kogan.com will keep the Dick Smith name alive in the ecommerce world.

Kogan has bought the electronics retailer's intellectual property rights for an undisclosed amount and will take control of Dick Smith's Australian and New Zealand online business from June 1.

Dick Smith's 363 Australian and New Zealand bricks and mortar stores are in the process of shutting up shop for good after the company went into receivership in January with debts of about $400 million.

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