The parent company of clothing brand Jeanswest has gone into voluntary administration, with plans to shut all of its stores putting 600 jobs at risk. Harbour Guidance Pty Ltd, a subsidiary of a Hong Kong company owned by clothing and textiles mogul Chun Fan Yeung and his family, had previously placed Jeanswest into administration five…
Whyalla steelworks was losing $1.5 million a day before being put into voluntary administration and owes creditors $1.34 billion, including $570 million to entities owned by British industrialist Sanjeev Gupta, which administrators have flagged as a disputed claim. The steelworks in South Australia was plunged into voluntary administration two weeks ago owing employee entitlements of…
Austrans is not the first business associated with O’Shea that has collapsed.Credit: Instagram O’Shea, who took over the 37-year-old business from his father, said it had been sabotaged by a rival transport company, which he accused of illegally suspending its services to derail Austrans and its holding company, Vermile Pty Ltd. “I categorically deny all…
FLETCHER Jones in Harbour Town will be the only West Australian victim as the company closes one-third of its stores across the country. The company’s voluntary administrator Cor Cordis today said the company’s perth and Joondalup-based stores, and 28 across the country, will continue to trade as normal. Nationally, 61 staff – 53 retail and…
Maninder Kaur Rosha, whose son Fateh was in Grade 4 at Colmont School, says the students are “full of tears”. “On late Wednesday [27 July], we were notified by email that the school was going into voluntary administration and on Thursday, we were told that Friday would be the last day of school. It’s just…
Owner Tracey Lester has placed beloved melbourne venues Windsor Castle Hotel and The Carlton Club under voluntary administration. Rachel Burdett and Shaun Matthews of restructuring advisory firm Cor Cordis have been appointed voluntary administrators of Furry Meatballs Pty Ltd (trading as The Carlton Club) and Floss Bottom Pty Ltd (trading as The Windsor Castle Hotel).…
Bensons Property Group has finalised the purchase of a prime Docklands site days after emerging from voluntary administration. The melbourne-based developer secured the 4509sq m site at 194-204 Lorimer Street from Samma Property Group for what industry sources suggest was “just over $20 million”. The acquisition is the company’s first major move since exiting administration…