Anchorage Capital, chided for Dick Smith profit, repackages businesses from footwear to burgers

Anchorage Capital, chided for Dick Smith profit, repackages businesses from footwear to burgers
Jonathan Underhill
By Jonathan Underhill Jan. 7 (BusinessDesk) - Anchorage Capital Partners, which more-than quadrupled its money buying retailer Dick Smith from Woolworths in 2012 and taking it public a year later, has reaped big profits from shaping industries in Australasia ranging from clothing and footwear, to burgers, tinned food and irrigation. Anchorage paid as much as A$115 million for Dick Smith, although only about A$20 million was upfront. Woolworths, having struggled to find a fit for the electronics retailer acquired from its founder in the ea...