Allans Music
Allans Music was a chain of music stores in Australia. It sold all categories of musical instruments, instrument accessories and sheet music. In 2010 it became Allans Billy Hyde, but collapsed in 2012. It collapsed again in 2018 but into voluntary administration. Shortly after, the ATO ordered the company to enter liquidation.
History
Allans was established in May, 1850 when Joseph Wilkie and John Campbell Webster started a music warehouse (Wilkie and Webster) in Collins Street, Melbourne. George Leavis Allan[1] joined the company in 1862, then twelve years after becoming a junior partner Allan found himself sole proprietor. (The original store[2] had signage "Wilkie, Webster & Allan".) His son George became a partner in 1881 when the name of the firm was formally altered to Allans and Company. By 1877 it was the largest musical warehouse south of the equator, a distinction it retained; in spite of many changes in musical retailing, the firm of Allan built its name into the record of Australian music.[1] The company subsequently became Allans Music Australia Ltd.
It was bought by Brashs, to become Australia's biggest music retail chain. Brashs collapsed (going into receivership in 1994 and in 1998),[3] and Allans Music was subsequently bought by private investors, including The Roland Corporation. In 2005 The Brackenbury Group acquired Allans Music and as at 2009, operates seven physical stores (three in Victoria, two in New South Wales and one each in Queensland and South Australia) and an online presence.[4]
2012 and 2018 Demise
In 2010, Allans Music merged with Billy Hyde Music to become the largest music retailer in Australia.
The company was later placed into receivership on 23 August 2012.[5] All stores with the exception of Mona Vale (New South Wales), Shepparton (Victoria), and Darwin (Northern Territory) faced imminent closure. In November 2012, the majority of the Allans/Billy Hyde stores were liquidated. The final day of trading was on Sunday, 25 November. On 28 November 2012, it was announced that rival music company Gallins music had successfully purchased Allans Billy Hyde effective that date, meaning major stores would re open.[6]
The company was placed in voluntary administration on 20 June 2018 after mass store closures to downsize the company and allegedly again owing employees.[7][8]
On 20 July, the company faced court over a case with the ATO and the Federal Court declared the Group insolvent and ordered it to be wound up.[9] The company appointed Ferrier Hodgson as voluntary administrator and liquidator and was looking to still sell the business, but was holding a liquidation sale at the same time.
See also
References
- "Biography: Allan, George Leavis". Australian Dictionary of Biography. Retrieved 28 January 2009.
- "The Original Store". allansmusic.com.au. Archived from the original on 6 July 2011. Retrieved 13 December 2012.
- Eliezer, Christie (21 February 2008). "Australia's Brashs Crashes Music Chain In Receivership; Sale Possible". AllBusiness. Archived from the original on 9 February 2008. Retrieved 13 December 2012.
- "Allans Music Online". allansmusic.com.au. Archived from the original on 19 March 2009. Retrieved 13 December 2012.
- "Allans Billy Hyde music stores placed into receivership;".
- "Allans Billy Hyde Saved As Former Rival Purchases Company & Assets on Tone Deaf - The Home Of Australian Music". Retrieved 13 December 2012.
- "Ferrier Hodgson - Music retailer allans billy hyde and gallin's musicians pro shop in voluntary administration". Retrieved 26 July 2018.
- "Music retailer Allans Billy Hyde collapses, with administrators blaming a "tough retail market" - SmartCompany". Retrieved 26 July 2018.
- "Allans Billy Hyde Parent Company Goes Into Liquidation Following ATO Court Case - Music Feeds". Retrieved 30 December 2018.