Masters is believed to have attracted the interest of global private equity giant Blackstone. David Mariuz Woolworths still has at least 15 business days to come to agreement with US retailer Lowe’s about the value of their home improvement business and hasn’t completely given up on finding buyers for Masters and Home Timber and Hardware. However, the…
TOKYO — As the stock sell-off continues here, a number of companies are trading at price-to-book ratios of less than 1, reflecting investor concerns over corporate earnings. As of Tuesday, 53% of companies on the Tokyo Stock Exchange’s first section traded below book value, the most in two and a half years. Sell orders were…
A business specialising in toasted sandwiches has collapsed into voluntary administration. Jaffle Jaffle Group Pty Ltd appointed external managers in late January, with Gideon Rathner from Lowe Lippmann acting as administrator. The first creditors meeting was held on 5 February. Jaffle Jaffle was founded in late 2013, selling a range of gourmet toasted sandwiches. Its…
This year is shaping as a tipping point that will see company collapses increase, insolvency and deal experts say. Photo: Philip Gostelow Much of Australia’s mining services sector and other businesses that rode the resources boom might be getting by on “life support”, but this year is shaping as a tipping point that will see…
Stocks: SNG Singulus Technologies has highlighted the essential support it needs from shareholders and bondholders to avert liquidity issues that would force the company into insolvency. Specialist PV manufacturing equipment supplier Singulus Technologies has highlighted the essential support it needs from shareholders and bondholders to avert liquidity issues that would force the company into insolvency.…
The company with the licence to sell Jeep clothing and footwear in Australia has collapsed into voluntary administration. The collapse comes around 10 years after Jeep opened its first concept store in Melbourne through local licensee Revolution Brands. Revolution Brands appointed voluntary administrators last week, with Barry Wright from Cor Cordis Chartered Accountants acting as…
Notification of Creditors and Ministry Within a period of 30 days as of the date of the start of liquidation of the PT company, the liquidator shall notify the liquidation of the company to: A. the creditors, by way of announcement in a local newspaper and the State Gazette of the Republic of Indonesia; and…
DAVID UNWIN / FAIRFAX NZ. The Highflyers building, on the corner of The Square and Main St in Palmerston North, has been largely empty since 2013. The liquidation of the company that wanted to redevelop the Highflyers building in Palmerston North has ended badly for creditors. Liquidators have been unable to squeeze a cent out…
DAVID UNWIN / FAIRFAX NZ. The Highflyers building, on the corner of The Square and Main St in Palmerston North, has been largely empty since 2013. The liquidation of the company that wanted to redevelop the Highflyers building in Palmerston North has ended badly for creditors. Liquidators have been unable to squeeze a cent out…