Home furnishings company Laura Ashley Australia has collapsed into voluntary administration. External directors were called in to manage the business today, with Ross Blakeley from Quentin Olde and John Park from FTI Consulting appointed as administrators. Laura Ashely was founded in Australia in 1971 and operates 38 stores in Australia and four in New Zealand…
A photography business alleged to have taken advantage of vulnerable consumers has collapsed into voluntary administration. Lifestyle Photographers, which formally traded as Expression Sessions, appointed external managers on Monday. Dragan Ljubic from Tribeca Advisory has been appointed administrator, with the first creditors meeting due to be held on January, 14 in Parramatta, New South…
1/6/2016 – by World Grain Staff WINNIPEG, MANITOBA, CANADA LWP Capital Inc., formerly known as Legumex Walker, announced on Jan. 5 that it has completed liquidation of its business. The company also announced its wholly owned subsidiary has completed the divestiture of its 84% ownership interest in Pacific Coast Canola LLC (PCC) to…
©iStock Thousands of entrepreneurs are expected to liquidate their companies over the next three months amid fears that an imminent tightening of the tax rules will more than triple their bills. Advisers said many small company owners were drawing up plans to lock in tax rates as low as 10 per cent when they extract…
Borrowers who took out loans from payday lender Cash Genie have been urged to come forward to claim compensation after the firm went into liquidation. The company, which offered short-term loans at an annual interest rate of 2,986%, was hit with a £20m compensation bill in July 2015 after it admitted to the financial regulator…
Video will begin in 5 seconds. More video Recommended Replay video Dick Smith can survive, says founder Entrepreneur Dick Smith explains why he doesn’t own shares in the company that bears his name. PT1M11S 620 349 Australia’s oldest electronics retailer Dick Smith has conceded its desperate pre-Christmas sale has failed to save it from the clutches of nervous…
06 January 2016 Lara Bullock View Comments Adelaide-based commercial law firm Cowell Clarke has announced internal promotions of three lawyers, effective 1 January 2016. Jonathon McRostie (pictured) has been promoted to senior associate. Mr McRostie has been with Cowell Clarke for almost seven years and has practised across a range of areas including commercial…
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Related Story: Reports production has stopped at manganese mine, workers laid off Related Story: Bootu Creek manganese mine in Northern Territory suspends operations A falling commodity price has pushed Northern Territory miner OM Manganese into voluntary administration. As reported by ABC Rural last month, the company had already laid…
by Jim Brunsden and Patrick Jenkins In the late afternoon of November 28, Luigino D’Angelo typed a suicide note on his computer. Twenty minutes later he hanged himself from the banister of his home in the Italian city of Civitavecchia. The 68-year-old pensioner, a former employee of energy group Enel, had lost his life savings…