Rugby Australia boss Phil Waugh met Victorian government officials on Wednesday to discuss the future of the melbourne Rebels, as liquidators continued to look for a way forward for the club. But there are still no guarantees over whether the government will provide a bailout for the club, which officially entered voluntary administration on Monday…
Australian fashion label Nique has entered voluntary administration, becoming the latest high-street brand to falter in a tumultuous economic environment. The 26-year-old label, best known for its minimal black and white designs and earth-tone apparel, on Wednesday appointed Justin Howlett of SMB Advisory as administrator. Nique has since ceased trading, while Howlett pursues urgent expressions…
They allege the governing body owes $6 million for underfunding the club over a number of years, and an additional $2 million to cover the cost of Rebels’ player wages while they were on Wallabies duties. Button outlined the directors’ argument that if Rugby Australia paid this amount that would pay off some of the…
One of Australia’s oldest chocolate brands has entered voluntary administration for a second time, with the rising cost of raw materials and shipping squeezing its margins. Ernest Hillier Chocolates was founded by English migrant Ernest Hillier in sydney in 1914 and is thought to be Australia’s first chocolate manufacturer. Its Hillier’s and Newman’s branded chocolates…
Iconic Australian beverages brand Billson’s has plunged into voluntary administration. The company produces ready-to-drink vodka, craft beer and cordial at its brewery in Beechworth in the north-east of Victoria. Husband and wife team Felicity and Nathan Cowan announced today that they made the “excruciating and difficult decision” to enter administration. Iconic Australian beverages brand Billson’s…
Seer Medical cofounders in happier times [from L to R]: Professor Mark Cook, Dr Dean Freestone, and George Kenley. A medtech company named Victorian Startup of the Year in 2022 and backed by Breakthrough Victoria has entered voluntary administration with a “potential sale or large-scale restructure” on the cards. Pitcher Partners’ Lindsay Bainbridge and Andrew…
Media entrepreneur Antony Catalano has used a tense general meeting of Keybridge Capital – which could see director Nicholas Bolton booted from the board – to accuse the chairman of frustrating proceedings and lying to shareholders. A meeting was scheduled at 4:30 pm in melbourne on Monday – hours after the investment company was formally…
Australian building giant Probuild has gone into voluntary administration after a problem-laden high-rise project drove the company into debt, meaning up to $5 billion in commercial and public sector projects are in jeopardy. It was tools down on Wednesday night across the country, and 750 dismayed employees along with countless contractors have woken up today…
perth Airport has seized a number of parked Virgin Australia aircraft because of unpaid invoices, with the airport saying it must “protect its own interests”. Dramatic images show a bulldozer blocking one plane on the runway at the airport. It is the latest development in Virgin’s potential demise – the biggest collapse of an Australian…
A New South Wales-based company that specialises in designing, installing and servicing wireless products has collapsed into voluntary administration. Enersus was established in 2006 and over the past nine years has provided wireless services to a range of large entertainment and sporting facilities, including Rod Laver and Hisense arenas in melbourne, perth Arena, the Darwin…