Kamb Investments is owned by Perth businessman Peter Kambouris.

Kambo's into administration

Monday, 11 June, 2018 - 13:06

Customers of local whitegoods and home appliance retailers Kambo’s and Liebe + Haus have been told they will need to wait several days before finding out if their credit purchases are still valid after the two jointly-owned businesses were placed into administration on Friday.

The businesses were part of Kamb Investments, owned by Perth businessman Peter Kambouris, whose father established the group's first store in 1962.

Kambo's had six outlets though the Harvey store is a franchise and is still trading, while Lieve + Haus had two outlets.

Administrators Hall Chadwick WA are assessing the group's financial status.

Consumer Protection commissioner David Hillyard said the financial assessment would take a few days.

“The administrators tell us that the stores are temporarily closed for stocktake as part of their assessment but whether they will re-open remains in doubt,” he said.

“In all instances customers should contact the administrators to determine if the goods will be supplied, whether they will receive a refund or need to register as an unsecured creditor.

“Consumers who hold gift cards that are yet to be redeemed are also at risk.

I am sure there will be announcements in the coming days but those consumers should contact the administrators and may also need to register as an unsecured creditor.

“Should the goods not be provided within a reasonable time, consumers who paid by credit card can contact their bank and seek a charge-back.”