Music chain Allans Billy Hyde has hit tough times, with store staff informed this week that they could no longer use heating and cooling in order to save on running costs. The stores stock instruments, equipment and sheet music with 10 stores across Australia. The chain almost went under in 2012 before being brought out by Con Gallin, managing director of Australian Musical Imports. When Australian Music Group Holdings (which traded as Allans Billy Hyde) went into receivership in August of that year, it owed $13.5 million to unsecured creditors and employee entitlements were at $3 million. While Gallin said at the time of the takeover he was confident in improving the trading conditions of the business, instructions to cut costs through temperature control do not bode well. Allans Billy Hyde has been contacted by Crikey but has not responded to questions.

Peter Fray

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Peter Fray
Editor-in-chief of Crikey

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