A beloved US burger franchise which had big plans to expand into Australia has entered voluntary administration. Late yesterday, KPMG’s David Hardy, George Georges and Emily Seeckts were appointed administrators of CJ’s Group, which is the master licensee for Carl’s Jr in Australia. The burger chain, which opened its first store in Australia in 2016,…
Last year, it told a Senate committee that it was “obvious” that Qantas was putting on extra flights on some Rex routes and that this extra capacity “kills the ability for Rex to offer a sustainable alternative to the Qantas model for regional communities and increases Qantas’s market power. When Rex is forced out of…
Regional Express Holdings’ (ASX: REX) bold push to service capital city routes in competition with Qantas and Virgin has finally taken its toll with the company placed into voluntary administration and flights suspended. But while voluntary administrators have been appointed to five companies within the Rex Airlines group, regional Saab 340 services to areas such…
Another two construction companies have collapsed and left dozens of homes unfinished as Australia’s building industry crisis continues. perth-based construction firm Western Luxury Homes Pty Ltd was placed into liquidation on Friday, according to a notice published by ASIC. The announcement came days after boutique builder Royal Construction and Design went into liquidation on August 8.…
Rex Airlines has entered voluntary administration. Flights between capital cities have been cancelled but the airline says regional routes are still flying as scheduled. In a statement on the Rex website, it said Virgin Australia was offering to assist customers affected by the cancellations. While Rex says it’ll contact customers, the news has created uncertainty…
The popular burger chain Getta Burger entered liquidation on Thursday, which has resulted in 107 staff members in search of a new job as 14 locations across brisbane shut their doors. The burger chain owes upwards of $500,000 in payroll tax, and BRI Ferrier liquidator Ian Currie believes there are other tax debts. Mr Currie…
By HARRISON CHRISTIAN FOR DAILY MAIL AUSTRALIA Published: 15:36 AEDT, 18 December 2024 | Updated: 16:35 AEDT, 18 December 2024 The owner of two iconic
Last week, it was announced that The Aussie Plant-Based Co had entered liquidation due to cash flow difficulties. Today it is revealed that the company has now been acquired by gold coast-based food manufacturer Smart Foods. Food & Drink Business reported that Smart Foods has agreed to purchase the company’s plant and equipment, stock, intellectual…
Rex Airlines has announced it has entered into voluntary administration with flights between major airports cancelled, and the Rex Group’s domestic fleet of Boeing 737 aircraft all grounded. A statement posted a short time ago to the Rex website says Regional Express Holdings Limited and a number of its subsidiaries under the Rex Group have…
Troubled melbourne financial advice firm United Global Capital (UGC) has been put into liquidation by the Federal Court. ASIC said that creditors had resolved to wind up UGC, and David Stimpson of SV Partners has been appointed as a liquidator. UGC withdrew its application regarding the cancellation of its Australian financial services licence, which was…