A well known Tasmanian businessman and a wine industry identity are the new owners of Winemaking Tasmania. The Cambridge facility was placed into voluntary administration in May and the assets have been sold to Tasmanian Vintners. Rod Roberts and Peter Fogarty are equal partners in the company which has offered all employees ongoing jobs. Read…
Fortress Investment Group is buying bitcoin (BTC) claims from Mt. Gox creditors, according to a report by CoinDesk on July 8. The Japan-based cryptocurrency exchange Mt. Gox filed for bankruptcy in 2014 after losing $473 million worth of bitcoin at the time due to an apparent hack. Bitcoin reportedly experienced a subsequent decline in value,…
With the UK-based Liberty House Group failing to implement its resolution plan, the Cuttack Bench of the National Company Law Tribunal (NCLT) on Monday passed order for liquidation of Adhunik Metaliks Ltd and group company Zion Steel. The Bench, comprising Justice M B Gosavi, Member (Judicial), cancelled the resolution plan of Liberty House and ordered…
A TASMANIAN businessman and a national winemaker have saved one of the states premier wine and cider producers, which had entered voluntary administration. Winemaking Tasmania will be renamed Tasmanian Vintners after being jointly taken over by Western Australias largest winemaker, the Fogarty Wine Group, and a family company run by former Webster Limited managing director…
JUMP! Swim Schools has been dealt another blow with franchisor Jump Loops Pty Ltd placed in court appointed liquidation. The Jump Loops liquidation announcement comes just weeks after alternate franchise entity Jump Swim Schools Services Pty Ltd suffered a similar fate. At a Federal Court hearing on Friday, Registrar Claire Gitsham ordered that Jump Loops…
This week in fashion, Debenhams closes its only Australian store and Stockholm Fashion Week has been cancelled to shine a light on sustainability. Find these stories and more as we uncover the top international fashion news of the week. Debenhams Closes Store in Australia Debenhams has entered voluntary administration and is closing its only store…
SHOCKING photographs reveal the state of the abandoned “luxury” villas which Ant McPartlin and Dec Donnelly lost millions of pounds on. The TV duo, along with Phillip Schofield, are fighting to get their cash back after the three lost a combined 7.5million in the “nightmare” collapse of the incomplete Algarve complex. 13 This is the…
Hundreds of City workers are fearing for their jobs after Deutsche Bank, the global bank that is one of the Square Miles largest employers, said it plans to axe 18,000 staff worldwide in the latest attempt to revitalise its reputation and business. The layoffs, equivalent to 20% of the banks workforce, come after chief executive…
These images reveal the abandoned luxury villas which cost TV hosts Ant McPartlin and Dec Donnelly millions of pounds in lost deposits. The duo are fighting for their money back after both losing nearly 2.5million in the nightmare collapse of the unfinished Algarve property complex. This Morning host Phillip Schofield is also out of pocket…
Among the claims none substantiated is an allegation that the former St George-Illawarra Dragons premiership winner secretly used a loan in the name of the family trust to splash out on a luxury $1.8 million Avalon property in 2013. Then there was a request for enormous amounts of information from St George about Mark Gasniers…