Around 180 Australian jobs are at risk as a popular sydney restaurant chain goes into administration. Elements Dining Group manages four Elements Bar & Grill restaurants in Sydney’s Pyrmont, Wooloomooloo, Darlinghurst and Haberfield, along with Elements Seafood Grillhouse in Walsh Bay. All five of the popular restaurants have gone into voluntary administration, with John McInerney…
Designer label Dion Lee has appointed voluntary administrators in the latest high-profile business to come under pressure amid difficult economic conditions. The fashion house, which has six stores in Australia and one in the US, is now under the control of insolvency firm dVT Group administrator Antony Resnick, who will continue running the business as…
Pascoe Vale’s RSL club has gone bust, with administrators called in to work out a rescue plan, and there are fears five more clubs across melbourne could follow. Liberal Senator Alex Antic discusses an appeal from RSL Victoria of $840,000 for ANZAC Day celebrations. “The answer to that is because this government is horribly out…
Tens of thousands of Australian investors with superannuation and savings tied up in cryptocurrency remain in suspense, as a major Australian broker collapses into voluntary administration. Key points: brisbane-based cryptocurrency broker Digital Surge has gone into voluntary administration The company is proposing a “rescue plan” but this would need to be approved by its 30,000 creditors…
Major Queensland building company LDC has become the latest in the field to enter voluntary administration, with creditors owed more than $7 million. The home builder went into liquidation on Friday. The construction industry has been rocked by a number of company collapses in recent months, with a skills shortage, high materiel costs and a…