Voluntary administrators have been appointed to Jenny Craig Australia and New Zealand, despite the business saying its operations wouldn’t be affected after its United States business filed for bankruptancy. A statement released on Tuesday confirmed FTI Consulting’s Vaughan Strawbridge, Kate Warwick and Joseph Hansell have been appointed. Jenny Craig Australia will continue its operations while administrators…
(representative image) A total of 6,571 Corporate Insolvency Resolution Processes (CIRPs) had commenced by the end of March 2023, data from the Insolvency and Bankruptcy Board (IBC) of India showed. Of these, 4,515 or 69 percent were closed, the Insolvency & Bankruptcy Board Of India (IBBI) said. According to the data, 678 corporate debtors have…
Member Article Q1 Boost For North East Start-Ups – But Corporate Insolvency Numbers Also On The Up The North East recorded a seven per cent year-on-year increase in the number of new businesses set up through the first quarter of 2023 but regional insolvency activities were also still firmly on the rise. According to analysis…
Jenny Craig Australia and New Zealand has entered voluntary administration, less than a week after saying it would continue its local operations in the wake of the United States business filing for bankruptcy. Key points: Jenny Craig employees were informed the company had been placed into voluntary administration at a meeting earlier on Tuesday Last…
John Kirk-Anderson/Stuff Jenny Craig has gone into voluntary administration. Weight-loss brand Jenny Craig NZ has gone into voluntary administration, alongside its Australian counterpart. It comes a week after the US entity announced it would be closing, after it had run out of money as it searched for a buyer and had to file for bankruptcy.…
The news of Jenny Craig Australia and New Zealand entering voluntary administration comes a week after the weight loss business filed for bankruptcy and closed Jenny Craigs physical locations in the US. The US business searched for a buyer for two weeks, running out of money after there were no takers. Six days ago, that…
A Sunshine Coast boat builder has gone into liquidation, reportedly owing more than $900,000. In a resolution filed with the Australian Securities and Investments Commission on March 23, notice was given that R and S Marine Pty Ltd, formerly trading as Galeforce Boats, would be wound up and SV Partners appointed as liquidator. An initial…
Kaddy, an online marketplace connecting Australian drinks producers with retailers and venues, has gone into voluntary administration. The news comes in the same week that online retailer BoozeBud entered administration too. The announcement was made to the ASX today (May 5) via a statement which says: “The Administrators are undertaking an urgent assessment of the…
MUMBAI : The National Company Law Tribunal (NCLT) on Thursday admitted Future Lifestyle Fashions for a corporate insolvency resolution process under Indias insolvency code. The tribunal appointed Ravi Sethia as the interim resolution professional to take over the management of the company. State-owned Bank of India, the lead financial creditor had moved the NCLT under…
Member Article Dip In Quarterly Corporate Insolvencies Fails To Mask Wider Challenges For North East Firms – R3 A small quarter-on-quarter dip in the number of corporate insolvencies in the first three months of the year shouldnt mask the significant financial and cashflow problems facing many North East business owners. Thats the view of Chris…