Virgin Australia’s CEO says no further redundancies have been planned as a result of the airline’s move into voluntary administration on Tuesday morning. Airline boss Paul Scurrah said the development would not have an immediate impact on its operations. Virgin Australia CEO Paul Scurrah. Source: AAP “We have not changed anything in respect to the operations or the…
Disgraced wedding dress designer Johanna Johnson is back at work in a new studio across the road from sydney‘s glamorous Bondi Beach despite the company registered in her name being in liquidation. It all came crashing down for the designer last year after Johanna Johnson Pty Ltd went into administration, leaving a huge question mark…
Calia Australia has officially gone into liquidation, less than two weeks after staff at the top Japanese restaurant were told they wouldn’t have a job in the new year. The business, which had stores in
Australian Brewers Guild Pty Ltd trading as “Hawkers Beer” (Hawkers) has announced they have appointed an administrator to help facilitate a financial restructuring of the business. Hawkers is one of melbourne’s largest manufacturer and distributor of craft beers, based in Reservoir. DBA Reconstruction & Advisory as Administrator is supporting the continued operation of Hawkers, so…
Italian restaurant chain Criniti’s has collapsed into voluntary administration as high overheads and low consumer spending wreak havoc on the group’s bottom line. Following a meeting on Monday, the Directors of Criniti Restaurant Group appointed Worrells Solvency and Forensic Accountants as administrators. The Criniti Group currently operates 13 venues in sydney, melbourne, perth and brisbane.…
melbourne-based homewares brand Fenton&Fenton has collapsed after 15 years in business. The company’s website announced that it has gone into liquidation and has appointed Adam Nikitins and Stewart McCallum of EY to oversee the sale of the entity. Established in 2008 by Lucy Fenton, the brand sold homewares, furniture and artwork through its physical store…
Australian-owned and operated battery and smart inverter outfit Redback Technologies has come out of voluntary administration and is back in business under the control of new owners, Australia Ebon Group. The brisbane-based company went into voluntary administration in March, just days after being a part of the Smart Energy Conference in sydney, where it was…
By DAVID SOUTHWELL FOR DAILY MAIL AUSTRALIA Published: 20:00 AEDT, 24 January 2024 | Updated: 02:05 AEDT, 25 January 2024 A building firm has collapsed owing more than $6million to creditors. Insignia Homes, which is based on the gold coast, has stopped all work on its sites after going into liquidation on Monday. This leaves…
Another Australian brewery is in serious financial difficulty, following on from a series of craft brewers entering voluntary administration – and they all blame the same reason for their troubles. The latest casualty is the gold coast-based Black Hops Brewing, which has gone into voluntary administration due to mounting tax debts. Like the many other…
Appointed liquidators Hamilton Murphy will be working to recoup costs for the 330 creditors, who are owed more than $100 million. The SKM group has been in external administration since August. SKM abruptly stopped accepting household recycling from more than 30 councils in late July after the Environment Protection Authority ordered another SKM-linked company, Glass…