Australian fashion brand Zachary the Label has reportedly gone into voluntary administration due to funding issues and increased competition both internationally and online. The melbourne-based brand joined the list of retailers that have gone into administration on Monday. The news was reportedly confirmed by insolvency firm Jirsch Sutherland, which has been appointed as administrators. Its…
UPDATE: Nuts About Tella has emerged from voluntary administration and is expanding with the addition of a new brand. Read about it here. melbourne-based dessert-pizza retailer Nuts About Tella has become the latest dessert-focused retailer to fall victim to tough times, appointing voluntary administrators late last week. Glenn Spooner and Sam Kaso of Cor Cordis…
The directors of failed construction company Nicheliving have saved it from liquidation by buying it back despite being banned from holding a building licence. Directors Ronnie Michel-Elhaj and Paul Bitdorf are buying back their company after creditors agreed to a $2.7 million deal that will give them cents on the dollar for their debts. “The…
Prestige melbourne developer Canny Builders has entered voluntary administration and ceased trading. Company director Damian Canny called in accounting firm PKF last Friday. Administrators Glenn Franklin and Jason Stone are assessing whether the business can be sold. PKF said it is “already aware of a number of parties interested in the business and the company’s…
A multi-million dollar project to redevelop Floreat Surf Life Saving Club is facing serious delays after the construction company tasked with the upgrade went bust. Just three months since works began on the surf club upgrade, the project came to a sudden halt last week after the contractor — Construct360 — was placed into liquidation.…
By MICHAEL PICKERING FOR DAILY MAIL AUSTRALIA Published: 12:12 AEDT, 15 March 2024 | Updated: 12:44 AEDT, 15 March 2024 Award-winning brewery Deeds Brewing has gone into voluntary administration in what shapes as another terrible year for the nation’s boutique brewers. The company based in Glen Iris,
Rugby Australia is working with the debt-ridden melbourne Rebels to ensure they field a team in this year’s Super Rugby Pacific competition but has offered no guarantees beyond that. Melbourne formally entered voluntary administration on Monday night, with the season set to get underway in less than a month. The national governing body said it…
A brisbane air conditioning manufacturer has slashed more than 150 jobs after being forced into voluntary administration. Siganto & Stacey – which has worked on key projects including the new Australian Taxation Office Brisbane headquarters, Robina Hospital extension and Prince Charles Hospital upgrade – broke the news to staff this week. The 46-year-old company’s construction…
Staff reporterMay 29, 2019 The prestige
It’s been confirmed today that melbourne based tour operator Tempo Holidays and Bentours have gone into voluntary administration. Tempo Holidays and Bentours (AUS/NZ) issued a statement to media that as of 3.00pm on the 19th September 2019, the business could no longer trade commercially. In the statement, the company said they had been advised by…