The Body Shop operates about 100 stores in Australia and is said to be the most profitable international arm of the stricken business. However since the UK parent entered bankruptcy last month, the Australian subsidiary and others around the world have become creditors and their access to funds has been cut off. The Guardian has quoted…
The host, True Geordie, speaks about Ryan Garcia’s scary transformation in a recent YouTube video on the Pain Game channel. A voice that used to be clear and sure of itself is now messy and erratic. Garcia’s facial twitches are brought up by the host, a strange behaviour that hints at deeper issues lurking beneath…
Its a business you probably havent even heard of, but is shaping up to be one of Australias biggest corporate failures for the year. The debts of a collapsed group of manufacturing companies based out of a Western Sydney factory have snowballed as liquidators wade through the mess. In the past few months, 12 companies…
For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails A Chinese man has been charged in Singapore for allegedly faking his own kidnapping to free himself of gambling debt. Liu Changjian, 33, staged his own kidnapping and…
In a separate announcement, e.Go writes that it has filed an application for the opening of insolvency proceedings with the Aachen district court in Germany. Dr Claus-Peter Kruth from the AndresPartner law firm has been appointed provisional insolvency administrator. e.Go describes him as a restructuring expert, but it has not yet been decided whether the…
More than 120 Australian jobs are in limbo after a Sydney pizza chain announced it was going into administration. Bondi Pizza has revealed three of its restaurants, located in Macquarie Park, Parramatta and Eastgardens, have been badly hit by economic conditions that kicked off during the COVID pandemic. The only location that hasnt been included…