A hospitality group operating popular New Zealand-founded restaurants Botswana Butchery and White + Wongs will close its Australian eateries. Hospitality business Good Group Australia was thrust into voluntary administration on March 31, impacting the Botswana Butchery chain and three other Asian restaurants across the Tasman. New Zealand operations at Good Group are not affected. The…
A 35-year-old Moreton Bay based mechanical services company has crumbled under financial strain, entered into liquidation while owing $2 million to employees, the ATO and suppliers. Lawnton-based Venmist Air Pty Ltd and Venmist Pty Ltd recently announced it would go into voluntary liquidation, following a history of projects with an array of large and medium-sized…
A fine dining restaurant chain that sold steak for as much as $500 a piece and spanned across three Australian states has gone bust. On Tuesday, hospitality business Good Group Australia, which operated the Botswana Butchery chain and three other Asian restaurants, plunged into administration. Botswana Butchery had high-end steakhouses in Sydney, Melbourne and Canberra…
A company involved in the construction sector collapsed with just $6 left in its bank account and now owes creditors more than $2 million. At the end of last year, NSW-based All Safe Lifting Equipment Pty Ltd appointed liquidators. The family business, which was run by father and son duo Stephen and Troy Sargent, provided…
Advertisement Two years ago, the New Zealand steakhouse with an African name made an ambitious play for the Australian steakhouse market. Now the business is experiencing one of the biggest hospitality shake-outs of 2024. Save You have reached your maximum number of saved items. Remove items from your saved list to add more. Save this…
Apr 3, 2024 The company that owns Colette by Colette Hayman is entering voluntary administration after a slump. -AAP Image The women’s fashion company that owns bag brands Colette by Colette Hayman and The Daily Edited has entered voluntary administration as it explores a potential sale of the business. Hold tight – were checking permissions…
Prepared by Giulio Nicoletti, Ralph Setzer, Mika Tujula and Peter Welz Published as part of the ECB Economic Bulletin, Issue 2/2022. 1 Introduction The coronavirus (COVID-19) crisis was a major shock for the non-financial corporate (NFC) sector. The pandemic and the associated containment measures translated into a large drop in sales for firms. The rapid pace…
Australian Small Business and Family Enterprise Ombudsman Bruce Billson interview with Stephen Cenatiempo. Radio 2CC Canberra Subjects: Insolvency and small business; help for small businesses needing support Stephen Cenatiempo When it comes to businesses, some of the statistics are quite sobering. There’s been a 20% increase in queries from small businesses struggling to manage their…
Popular jewellery and bag companies Colette and The Daily Edited have fallen into voluntary administration, as their umbrella company Marquee Retail Group tries to salvage their business during cost of living pressures. MRG, which owns the popular accessory brands Colette by Colette Hayman and The Daily Edited, stated the business had suffered from the unplanned…
Marquee Retail Group, the owner of accessory brands Colette by Colette Hayman and The Daily Edited, has appointed a voluntary administrator after failing to save both brands from collapse. The company said in a statement it plans to keep all 60 stores open while in voluntary administration and has no intention to reduce its 400…