OROTON stores will continue to trade and employ staff on a business-as-usual basis while administrators attempt to find a buyer for the struggling luxury handbag retailer. The company was placed into voluntary administration on Thursday, following a series of shock earnings downgrades earlier this year amid challenging trading conditions, prompting a strategic review of the…
WHOLESALER P&H has become the latest company to go into administration leaving employees out of a job. The company, which provides tobacco to some of the UK’s largest supermarkets, has been crippled by debts and 2,500 jobs have been lost. PA:Press Association What does going into administration mean? When a company enters administration, all control…
PROCEEDINGS have been launched against key figures in the 2013 collapse of Walton Construction which left Sunshine Coast subcontractors unpaid $3 million. Liquidator Grant Thornton has launched breach of directors’ duties actions including aiding and abetting against the company’s sole director Craig Walton and Pat McCurry and Phillip Spry of business advisor Mawson. The liquidator…
by Duncan Hughes eChoice, an award-winning mortgage aggregator with more than 400 brokers, could be sold to a ‘major financial institution’ after being placed into voluntary liquidation because of unsustainable debt. Tony Wales, a director of eChoice and Welas, a private investment company, which is a secured creditor of eChoice, called in liquidators’ Rodgers Reidy…
People running labour hire companies that exploit workers and dodge tax will face up to three years in jail under laws that have passed South Australia’s Parliament. The laws were sparked by a Four Corners investigation that found extreme exploitation and slave-like conditions in the food production industry, mostly affecting workers employed by labour…
Meanwhile, eChoice, an award-winning mortgage aggregator with more than 400 brokers, could be sold to a ‘major financial institution’ after being placed into voluntary liquidation because of unsustainable debt. Tony Wales, a director of eChoice and Welas, a private investment company, which is a secured creditor of eChoice, called in liquidators’ Rodgers Reidy after deciding…
PACIFIC Highway subcontractors are preparing to ramp up their fight for months of unpaid wages from one of the project’s primary contractors, which went into voluntary administration earlier this year. About 200 highway workers who completed the Glenugie to Tyndale section of the Pacific Highway upgrade have been left without months of pay after Darling-Downs…
Assured Legal Solutions is set to formally welcome its co-founder, Chris Cruikshank, from Norton Rose Fulbright (NRF) on Friday. The appointment will bring the specialist boutique firms lawyer headcount to six. Cruikshank resigned from the NRF partnership in Australia in September and was just serving his notice period. He joins former NRF special counsel Nicola…
November 28, 2017 Simon Mundy in Mumbai and Gabriel Wildau in Shanghai Experimental feature Listen to this article Play audio for this article Pause 00:00 00:00 Experimental feature Give us your feedback Thank you for your feedback. What do you think? Ill use it in the future I dont think Ill use it … Read…
Say it isnt so. In news that is saddening for the local Australian fashion brand, Lover has gone into voluntary administration, according to a media release from Ferrier Hodgson a financial advisory firm. Ferrier Hodgson were appointed as administrators on 23 November, with the firm stating it would be business as usual whilst the administrators…