Federation won the inaugural James & Wells fashion communication design award in 2011. Prospective buyers are already circling New Zealand streetwear label Federation, which owes more than $1 million to creditors. Liquidators are attempting to sell the 15-year-old company and its related businesses as a going concern. Federation referred requests for comment to Keaton Pronk,…
A biodiesel plant listed on the Australian Securities Exchange says the federal government is partly to blame for it collapsing into voluntary administration. Australian Renewable Fuels Limited, based in Barnawartha in north-east Victoria, appointed voluntary administrators on Thursday. Melissa Humann, David McEvoy and Nicholas Martin from PPB advisory are now managing the companys assets. A…
Seven GNC LiveWell stores have closed down less than two months after the Australian operations of the global brand were placed in voluntary administration. GNC LiveWell stores at Melbourne Central, Westfield Geelong, Chadstone Shopping Centre, Knox Shopping Centre and Watergardens Town Centre in Victoria have ceased trading, according to a statement on the vitamin retailers…
Federation Clothing Ltd. has stores across Auckland. Photo / Facebook Federation Clothing and a sister firm with four Auckland stores has gone into liquidation owing creditors more than $1 million. The business, launched about 15 years ago, is still trading and being put up for sale after liquidators were appointed to Federation Clothing and Laundromat…
Seven GNC LiveWell stores have closed down less than two months after the Australian operations of the global brand were placed in voluntary administration. GNC LiveWell stores at Melbourne Central, Westfield Geelong, Chadstone Shopping Centre, Knox Shopping Centre and Watergardens Town Centre in Victoria have ceased trading, according to a statement on the vitamin retailers…
The Insolvency Law Reform Bill, which enhances protections for creditors and improves the efficiency of companies being wound up, has passed the House of Representatives today, Minister for Small Business and Assistant Treasurer the Hon Kelly ODwyer said. This legislation supports the Governments commitment to modernise Australia’s insolvency and corporate reorganisation framework, Minister ODwyer said.…
ROSEMONT, Ill.–(BUSINESS WIRE)–Comdisco Holding Company, Inc. (OTCQB: CDCO) and (OTCQB: CDCOR) (Comdisco) today reported financial results for its fiscal first quarter ended December 31, 2015. Comdisco emerged from Chapter 11 bankruptcy proceedings on August 12, 2002. Under Comdiscos First Amended Joint Plan of Reorganization (the Plan), Comdisco was charged with, and has been, liquidating its…
Five Laura Ashley stores in Victoria and New South Wales will close and 25 employees will lose their jobs, as the voluntary administration of the Australian retail chain continues. FTI Consulting, which was appointed to manage the voluntary administration of the company on January 7, said yesterday the closures are part of an ongoing restructure…
Dozens of Australian investors have lost a total of $7 million in a collapsed investment scheme run by an unlicensed financial trader. Gunter Lang, a former industrial chemist, who headed the scheme is being investigated by the corporate watchdog ASIC. Mr Lang traded using the online platform IG Markets, in an account under…
Several large vocational education and training providers have collapsed into voluntary administration after their parent company appointed external administrators earlier this week. Global Intellectual Holdings Pty Ltd entered voluntary administration on Tuesday, with Richard Albarran, Blair Pleash and Shahin Hussain from Hall and Chadwick appointed as external managers. Global Intellectual Holdings is the company behind…