Sports tech firm PlayUp in liquidation after burning $70 million of high-profile investor funds – The Australian Financial Review

Liquidation

Prime Minister Malcolm Turnbull was once an investor in PlayUp, which went into liquidation last week. Justin McManus A sports media business backed with more than $70 million in funding by some of Australia’s business, political and sporting elite, including Prime Minister Malcolm Turnbull, has been placed into liquidation. PlayUp’s holding company, Revo Pty Ltd, did not contest a winding-up…

Clive Palmer’s Queensland Nickel is underwater, needs capital injection – Sydney Morning Herald

Liquidation

Queensland Nickel creditors and observers signing on at the meeting in Townsville on Friday. The company sacked 237 workers at its Yabulu refinery near Townsville earlier in January and is now in administration. Photo: ANDREW RANKIN Clive Palmer’s Queensland Nickel will require a capital injection of “tens of millions of dollars” to avoid liquidation unless there…

Laura Ashley collapse: seven stores closed as voluntary administration continues – SmartCompany.com.au

Liquidation

Seven Laura Ashley stores in Australia have been closed as the voluntary administration of the retail chain in Australia continues. The Australian arm of the homewares and clothing retail entered voluntary administration on January 7, at which time the chain was operated 38 stores in Australia. Administrators FTI Consulting confirmed this morning seven Laura Ashley…