The exciting news for Australian musicians today, is that AllansMusic and Billy Hyde stores will remain open.
Con Gallin, managing director of Australian Musical Imports and Gallin’s Musician’s Pro Shop, has bought the bulk of AllansMusic / Billy Hyde assets after months of negotiating with receivers Ferrier Hodgson.
Con Gallin announced that they had purchased Australian Music Group and related businesses, Allan’s Music / Billy Hyde, Musiclink and Intermusic. Gallin also confirmed that flagship stores Southport (Qld), Sydney, Alexandria, Parramatta, Adelaide, Blackburn and Bourke Street, Melbourne will remain fully operational.
After being placed into receivership Allans Billy Hyde, Australia’s largest independent music retailer, continued trading until its stores were closed last weekend, with its 513 employees sacked. Mr Gallin said most workers at the seven flagship stores would return when those stores reopened. Another 80 employees had already been made redundant in recent months.
AMI/Gallin’s Musician’s Pro Shop opened their first store in Chapel Street, Prahran in 1989, and in the ensuing 23 years have successfully opened stores in Sydney, Brisbane and Gold Coast. The addition of the Allans Billy Hyde stores brings the total music stores operated by Mr. Gallin to thirteen.
The current liquidation sale taking place in the Allans Billy Hyde stores will continue with AMI/Gallin’s adding additional stock from their warehouse and suppliers to give consumers additional discounted items right in time for Christmas.