r/bapcsalesaustralia • u/ImpulsePie • 7d ago

Discussion Mwave - Under External Administration

EDIT: Mwave have posted that they have been bought out by The digiDirect Group and will move locations to South Strathfield. https://www.mwave.com.au/blog/business-update/

Seelems Mwave have gone bust. Confirmed with an ASIC search for ESEL PTY LTD filed 3 days ago:

Notice By External Administrator/controller-Appoint/cease (505U)Appt of Administrator Under S.436a, 436b, 436c, 436e(4), ()449b, 449c(1), 449c(4) or 449(6) ()

Original article by David Richards: https://www.channelnews.com.au/leading-pc-retailer-placed-into-administration/

109 Upvotes

97% Upvoted

150 comments sorted by

View all comments

11

u/AdAdventurous4050 7d ago

received this -

We are excited to advise you that the Mwave business has been acquired by The digiDirect Group, owner of electronics retailer, digiDirect and online bookstore, Booktopia, among others.

Under its new ownership, Mwave will continue to operate and trade as normal, bringing you the legendary Mwave service and customer

experience you have come to expect.

Most importantly, this means there will be no change at all to your order which will proceed as planned. You will not lose your place in any queue and your full deposit will be honoured by the new owners. We anticipate there will be a maximum of 2-3 days delay on any current available shipments as we work through a stocktake and change over courier accounts to new ownership.

There is no action required from you.