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Dick Smith’s $400 million fall: Five ways an icon stumbled
Description:Of course, given Woolworths could never crack the Dick Smith code in 30 years of ownership does suggest that the new owners, private equity firm Anchorage Capital, may have its work cut out for it. That was weighed down by some savage price cuts Dick Smith used to shift excess stock, but it still speaks to the very tough environment that electronics retailers operate under. So how exactly did the value of Dick Smith fall so dramatically?