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Harris Scarfe sale raises questions about who knew what, when

What to make of the Harris Scarfe collapse? And is Allegro Funds the victim or the villain? Here’s what we know: the Sydney-based private equity firm took effective control of the troubled Harris Scarfe, along with the Best & Less and Postie chains, on December 2. Just nine days later, Allegro Funds called in Deloitte Restructuring Services as receivers of the 60-store Harris Scarfe business but not the other two chains acquired from Greenlit Brands, the Australian subsidiary of Steinh

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