Shoppers are resisting the urge to splash cash on new clothes, shoes and fashion accessories, driving a slump in Australia’s retail turnover. Total retail turnover fell 0.1 per cent in February, using seasonally adjusted figures, the Australian Bureau of Statistics revealed on Monday. Play Video Don’t Play The case for the Adani mine project Play Video Don’t Play Video…
For designers, supply chain management can be the least sexiest part of the business. However, as these three collapses prove, it is also essential. Lisa Ho: stock for miles Enough dress bags to last two years, enough shoes boxes to run a race around Surry Hills and 43 kilometres of unused fabric with a value…
Rich-list tycoons accused of fraud and shocking vilification MELBOURNE, AUSTRALIA – OCTOBER 22: Community Training Initiatives CEO Ivan Brown poses for a photo on October 22, 2014 in Melbourne, Australia. (Photo by Arsineh Houspian/Fairfax Media) Photo: Arsineh Houspian exit Rich-list tycoons behind a vocational training empire that collapsed after receiving $100 million in government funding…
Struggling small and medium-sized enterprises (SMEs) would benefit from an umbrella organisation to coordinate the restructuring of debt, according to registered charity Credit Counselling Singapore president Kuo How Nam. The proposed organisation would work with all the creditors involved to assess the financial situation of the SME and develop a reasonable and practical restructuring plan.…
Experts are seeing three Asian countries push for a bigger slice of the insolvency market, taking concrete steps, including reforming national insolvency regimes, to attract more business. The insights come from John Batchelor, FTI Consulting senior managing director in Hong Kong, Maria O’Brien, Baker McKenzie partner in Sydney, and Miles Grant, ANZ Lending Services senior…
SMART City’s Diploma of Counselling was supposed to be Amy Waghorne’s ticket to a better life. The 29-year-old Toowoomba resident made personal sacrifices to try to complete the vocational course over 14 months, driving 450km a week to study while also caring for two relatives. Now Ms Waghorne and dozens of other students have been…
By JOHN KAMAUMore by this Author The fate of the Kisumu molasses plant hangs in the balance after a company moved to court to wind up Spectre International Ltd part of the flagship business of opposition chief Raila Odinga. The company is different from Mr Odingas East African Spectre, the liquefied petroleum gas cylinder manufacturer…
Former Ireland and Munster rugby star and Pendulum Summit chief executive Frankie Sheahan has been declared bankrupt, the Sunday Independent reports. The ruling was made last week and comes on the back of loans drawn down from Bank of Ireland. Mr Sheahan had used the loans to buy property as part of his retirement planning…
Shareholders in Arabtec are due to vote on its proposed capital restructuring at its annual general meeting, which is scheduled to be held on Tuesday, 18 April. The company has proposed a restructuring that will see it raise Dh1.5 billion through the issue of 1.5 million new shares, initially taking the total number of shares…
HOUSTON/CARACAS: Venezuela is negotiating financial help from Russian oil major Rosneft to complete nearly $3 billion in PDVSA debt payments coming due to bondholders next month, two market sources and a government source familiar with the talks told Reuters on Friday. Venezuela’s leftist government has grown increasingly close to Russia’s Vladimir Putin and Rosneft has…