Online retailer Booktopia goes into voluntary administration, customers waiting on unfulfilled orders – ABC News

In short: Australian book retailer Booktopia has gone into voluntary administration.  The company has been trading at a loss for over a year and earlier made 50 staff redundant.  What’s next? Administrators are looking at selling or restructuring the main Booktopia business and its three subsidiaries. Australian online book retailer Booktopia has gone into voluntary…

Australian online book retailer Booktopia axes jobs after entering voluntary administration – 7NEWS

More than 150 jobs have been cut at embattled bookseller Booktopia as the company stops taking customer orders. The major Australian online book retailer entered voluntary administration last week, with customers complaining of being left in the dark about pending orders. An urgent assessment of Booktopia is being undertaken by administrators from McGrathNicol, who are…

More than 160 staff terminated from trouble-plagued retailer Booktopia – Sky News Australia

Only 18 staff members remain at recently collapsed retailer Booktopia as 165 of their colleagues were sacked from the beleaguered company. The virtual bookseller announced last Wednesday it had entered voluntary administration after a major slump in share value, less than four years after it went public on the ASX.   The major Australian retailer…

Booktopia will not fill orders and may not issue refunds, say administrators – The Guardian

The administrators handling the collapse of Booktopia have announced that orders placed with Australias largest online bookseller will not be filled and there may be no refunds either. It means out of pocket customers who placed orders prior to the company entering voluntary administration have now become, in effect, unsecured creditors which voids store credits…

Booktopia will not fill orders and may not issue refunds, say administrators – The Guardian

The administrators handling the collapse of Booktopia have announced that orders placed with Australias largest online bookseller will not be filled and there may be no refunds either. It means out of pocket customers who placed orders prior to the company entering voluntary administration have now become, in effect, unsecured creditors which voids store credits…

Australia: An Introduction to Restructuring/Insolvency – White & Case LLP

Australia has not been immune to the economic impacts of global financial and geopolitical events. The recent global economic downturn has brought about a heightened focus on financial stability and risk management in Australian businesses. Sponsors and financiers alike are now navigating a complex economic terrain marked by: volatile markets; supply chain disruptions; asset re-valuations;…

Good Natured Products Inc. Issues Update on Restructuring of Business Operations – Yahoo Finance

Vancouver, British Columbia–(Newsfile Corp. – July 11, 2024) – good natured Products Inc. (TSXV: GDNP) (OTC Pink: GDNPF) (the “Company” or “good natured“), a North American leader in eco-friendly food packaging, bio-based plastic extrusion and plant-based products, announced today that pursuant to the order (the “Initial Order“) obtained from the Supreme Court of British Columbia Justice…