David Richards

1 week ago | channelnews.com.au | David Richards

Serious questions are being asked as to where all the money went following months of discount sales by failed retailer Mwave who was placed into administration last week with Digi Direct snapping the business a few days later. ChannelNews understand that the operators of Mwave left behind some serious debt, with insiders claiming that Ingram Micro is owed $1.8M with Synnex, Dicker Data and others owed over $3M, this also includes smaller distributors including the likes of Centrecom.

1 week ago | channelnews.com.au | David Richards

Some of the biggest tech Companies have started to slash job, with even toy and food companies moving to slash jobs in Australia due in part to the introduction of AI systems and the need for capital to invest in their AI future, the move is set to impact retail sales. The shrinking white-collar workforce will most likely create ripple effects across the broader Australian economy—particularly in the retail sector, where discretionary spending is already under pressure claim analysts.

1 week ago | channelnews.com.au | David Richards

The DAZN owned Foxtel Group has started laying the seeds to a potential tilt in the future at the UK Premier League and popular European soccer championships with the network now streaming the FIFA Club World Cup being played out in the USA a move that will give them intelligence on the popularity of the round ball game.

1 week ago | channelnews.com.au | David Richards

A US judge has slammed US lighting control Company Lutron accusing executives of lying after a brutal Court long running court case that saw awarded damages ping pong up and down after GeigTech accused the lighting control Company of stealing their roller blind technology. Judge Colleen McMahon in the US District Court in what has been described as one of the longest-running patent infringement cases in the US having run for seven years, over two trials ruled that Lutron deliberately copied J.

1 week ago | channelnews.com.au | David Richards

German headphone brand Sennheiser could face new competition from the very Company that helped build their brand in Australia in the first place. Synchronised Technology or Syntec as it was previously known, were the original distributors in Australia of the Sennheiser brand before it was taken over by a Swiss hearing aid Company.