A controversial restaurant chain has collapsed just two years after launching in Australia after being mired in controversy. On Monday, a notice was released on ASIC that Viral Ventures (Australia) Pty Ltd had gone into voluntary liquidation. The appointed liquidators are Chris Johnson and Andrew McCabe of insolvency firm Wexted Advisors. Viral Ventures (Australia) Pty…
A Brisbane Distillery company, led by former porn baron Jon Atherton, has plunged into liquidation, leaving creditors owed more than $1.3 million. The news follows a recent court case that resulted in the eviction of the business from its West End premises due to unpaid rent. Established in 2019, Brisbane Distillery hailed itself as the…
An inner-city Brisbane gym has gone into voluntary liquidation this week. It was resolved at a company meeting on November 8 that Air Locker Training in Newstead would be wound up and liquidators would be appointed. Air Locker Training is a group fitness gym, simulating a high-altitude environment. Know the news with the 7NEWS app:…
By FREDDY PAWLE FOR DAILY MAIL AUSTRALIA Published: 19:40 AEDT, 1 February 2024 | Updated: 01:31 AEDT, 2 February 2024 A multi-award winning construction company has collapsed after more than 25 years in business. Brisbane construction company CMG Homes on Wednesday appointed Lee Crosthwaite of Worrells as its liquidator. Mr Crosthwaite said the company was in debt…
record-breaking crowdfunding campaign in 2022 that raised $2.2 million from almost https://www.businessnewsaustralia.com/1,000 investors in 24 hours. Black Hops was founded by Daniel Norris, Michael McGovern and Edward Oldfield, who initially undertook a non-equity crowdfunding campaign in 20https://www.businessnewsaustralia.com/16 to help fund the company’s first taproom at Burleigh Heads. Oldfield and McGovern remain the company’s biggest shareholders…
A popular burger chain has collapsed forcing more than a dozen stores to close their doors while over 100 staff lost their jobs. Getta Burger closed 11 of its stores across south-east Queensland on Thursday after the company plunged into voluntary liquidation. It’s understood 107 workers were made immediately redundant following the shocking collapse after…
By FREDDY PAWLE FOR DAILY MAIL AUSTRALIA Published: 15:09 AEDT, 17 July 2024 | Updated: 16:27 AEDT, 17 July 2024 A major Brisbane home renovation company has gone under, leaving behind 35 unfinished projects and owing millions of dollars to creditors across the country. Paul James Galvin, owner of Brisbane-based AQWA Constructions, filed for bankruptcy…
BREAKINGPopular Brisbane burger chain Getta Burger has collapsed into liquidation, closing 14 stores and with debts in excess of $500,000, with cost of living and inflation behind the chain’s demise. Liquidator Ian Currie, from BRI Ferrier, told news.com.au: “I’ve been appointed to seven companies in the group that had 11 trading stores as of yesterday…
The news comes after a challenging few years for Kellam and his wife and business partner, Clare Kellam. They opened 1000-square-metre The Kneadery and Lumiere just as the COVID-19 pandemic began to bear down on Australia in early 2020. The original Mica at Newstead followed soon after, in April of that year. A Montrachet at…