CELEBRITY chef Adriano Zumbo’s dessert empire will continue trading while under voluntary administration, the group’s administrator says. Camera IconAdriano Zumbo Credit: PR IMAGE DW Advisory principals Justin Holzman and Anthony Elkerton were appointed voluntary administrators on July 22 to manage three of Mr Zumbo’s businesses. The three companies employ about 130 people and operate five…
A Russian-born businessman and his wife based on Queensland’s gold coast have been told they face jail unless they repay tourists they “ripped off” through their outback car rental company, Australian 4WD Hire. Key points: Former company controllers Vitali Roesch and Maryna Kosukhina have 21 days to repay customers They are liable to imprisonment or other…
Sara Lee, the household name behind frozen cheesecakes, pies, crumbles and ice creams, has appointed voluntary administrators after suffering higher operating costs and supply chain issues that disrupted operations over the past 12 months. Established in Australia in 1971, the dessert manufacturer yesterday appointed FTI Consulting’s Vaughan Strawbridge, Kathryn Evans and Joseph Hansell as administrators…
A gold coast businessman is in custody awaiting sentencing after he followed a plan to illegally strip his telecom company of money and assets before it went bust. Key points: With the advice of two pre-insolvency advisers, Richard Ludwig arranged to illegally smuggle more than $740,000 out of his company Cap Coast Telecoms before it…
By ELIZA MCPHEE FOR DAILY MAIL AUSTRALIA Published: 16:19 AEDT, 30 May 2024 | Updated: 16:21 AEDT, 30 May 2024 A popular bakery that was loved by customers for more than 30 years has been forced to close up shop in the latest of a string of small businesses shutting down. Brewbakers at Albion, in…
In short: The Rebels won their preseason trial against the Waratahs in the same week they entered voluntary administration Rugby Australia says it is committed to making sure the Rebels play in this year’s Super Rugby competitions What’s next? Rugby Australia will conduct talks with the Victorian government about the Rebels’ future The melbourne Rebels…
A mum who moved into a townhouse built by collapsed Aussie construction giant Condev has described the horror living conditions inside the home, adding she wasn’t surprised the company had gone under. Monique Cribb said the family moved into the rental in June 2020, but by Easter the next year leaks had sprung in the…
The company behind the annual perth Fashion Festival has gone into voluntary administration, owing $819,000 to more than 100 creditors and event suppliers. On Monday, administrators Hall Chadwick were called in to assess the financial position of Perth Fashion Festival Pty Ltd. The company’s directors, Mariella Harvey-Hanrahan and Tony Sage, plan to continue the company’s…
A stark warning has been issued that half of Australia’s building companies are on the brink of collapse, and it could see thousands of people’s homes impacted in the coming months, according to an industry insider. Two major Australian construction companies including gold coast-based Condev and industry giant Probuild have already gone into liquidation this…