South Australia’s Beston Global Food Company (ASX: BFC) has been placed into voluntary administration in the latest blow to the Australian dairy sector, with the company blaming “exceptionally high operating costs” mostly from “onerous energy prices” as one of the reasons to call in the corporate doctors. The appointment comes a little over two weeks…
A number of customers took to Fenton & Fenton’s most recent Facebook post to query whether they would be refunded for their orders or outstanding credit. Fenton & Fenton was posting on social media as recently as Monday. It appears comments have been disabled on its Instagram account. Nikitins said the business, which he described…
“Ten’s announcement today that it will enter voluntary administration is a wake-up call to opponents of media reform.”: Minister for Communications and the Arts, Mitch Fifield.Credit: Alex Ellinghausen During this period, operations would continue “as much as possible on a business as usual basis”. Viewers are unlikely to notice any immediate change to broadcasting and…
Struggling up-market Australian accessories label Oroton has gone into voluntary administration. The news comes after Lover announced on Monday it too had gone under. The 79-year-old handbag retailer has seen a few years of slumping sales resulting in a $14.2 million loss last year. The company announced this morning that after an eight-month review it…