Business · Companies · 10 hrs ago
TVSN faces supplier legal demands after $40 million rescue bid fails
TVSN, the Television Shopping Network, is holding a closing-down sale after efforts to find a rescue investor failed.
Its owner, Direct Group, was seeking between $32 million and $40 million to restore the business’s finances.
About 170 Australian investors were approached, but the bid did not secure a rescue.
Supplier Guy Parsons says TVSN owes his business $140,000 for hair dryers and haircare products delivered to its Sydney headquarters.
He says he is preparing a formal creditor’s demand, while other suppliers say they have not heard from TVSN since it announced the sale.
Suppliers allege the network is selling goods it has not paid for; TVSN’s response to those claims is not given.
The sale leaves suppliers seeking payment as the network winds down, and no further steps are specified.
TVSN faces legal demands from suppliers who say it is selling goods it has not paid for in a closing-down sale.
The demands follow the failure of a proposed $32 million to $40 million rescue bid.
Supplier Guy Parsons says TVSN owes him $140,000 for hair dryers and haircare products.
About 170 Australian investors were approached about the rescue bid before the sale began.
TVSN is owned by Direct Group, whose director Bernie Brookes said it was “not at this stage” considering offers for the network.
- Who
- TVSN and its suppliers, including Guy Parsons, are involved.
- What
- Suppliers say TVSN is selling goods it has not paid for and are pursuing legal demands after a rescue bid failed.
- When
- The rescue proposal was emailed on August 24, 2026. The closing-down sale followed in the weeks after.
- Where
- TVSN’s headquarters are in Frenchs Forest, Sydney.
- Why
- Suppliers say TVSN owes them for goods supplied; investors did not take up the proposed rescue bid.
This story does not have two clearly opposing sides.
They’re literally trying to rake in as much money as they can
not at this stage
Tim Brookes emailed investors a proposal seeking $32 million to $40 million for TVSN.
About 170 Australian investors were approached with a rescue bid.
TVSN emailed suppliers about the closing-down sale.
- Rescue bid
- $32 million to $40 million
- Investors approached
- About 170
- Parsons’ claimed debt
- $140,000
- Supplier
- Guy Parsons, who runs My Hair Doctor
- TVSN headquarters
- Frenchs Forest, Sydney
- Owner
- Direct Group
Sources
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