The receiver for the Allans Music & Billy Hyde music stores has rejected an offer from retail group Australian Musical Imports and Gallin’s Musician’s Pro Shop to take over the company.
Gallins
Con Gallin, the managing director of Gallin’s Musician’s Pro Shop said that not only had he made a very good offer for Allans, but his company would also honor its gift vouchers. “Our offer for AMG was a very attractive one.
Con said staff understood the industry. “Gallin’s and AMI are performing well because its staff and management understand that it’s all about the music and musicians – beginners or professionals. Over the past couple of months Noel Gallagher from Oasis and Colin Hay both visited the Chapel Street store,” he said.
He also said his business was doing very well. “We have good news, we are doing very well and so are others,” he said. “Allans Billy Hyde’s represented many of the world’s No 1 brands that had enormous consumer demand yet with a massive turnover of $120 million per year they couldn’t make a buck. The AMG management both current and previous lacked music retail expertise and as a result lost large amounts of money. They couldn’t adjust the company expenses to meet reality and they are not inspiring entrepreneurs. This is the game of Monopoly out of control and the economy is not to blame.”
With the demise of Allans Billy Hyde, Gallins has become the only musical instrument retail chain in Australia.
