One of Australia’s largest vocational education providers, Careers Australia, has been placed into voluntary administration. It leaves an uncertain future for its 15,000 students, 1,000 staff members and 13 campuses across the country, from Melbourne to Townsville. At its height Careers Australia was raking in hundreds of millions of dollars in taxpayer funding for…
Related Story: Local retailers feel fashion pain as global brands expand Related Story: Marcs, David Lawrence appoint voluntary administrators, Alannah Hill to exit David Jones Almost six years after opening stores in Australia, fashion retailer Topshop Australia has been placed into voluntary administration amid mounting debts. Administrator Ferrier Hodgson…
Some of Topshop’s Australian stores could close after the company operating them was placed in voluntary administration. Three partners from restructuring firm Ferrier Hodgson have been appointed voluntary administrators to Austradia, which operates nine stores, 17 Myer concessions and an online business. Ferrier Hodgson’s James Stewart said the Topshop/Topman stores will be open as usual…
Fast-fashion retailer Topshop Australia has entered voluntary administration, leaving employees across the country feeling shocked and uncertain about their future. The company says it will be business as usual while administrators decide on the next steps, and has promised its 760 employees they will still be paid. Australia’s arm of Topshop/Topman has nine stand-alone stores,…
High-profile fashion retailer Topshop Australia has collapsed under debts and entered voluntary administration, with the future of its stores and workers under a cloud. Administrator James Stewart, of Ferrier Hodgson, said the company would continue to trade as normal while it considered its “optimal operating structure”. Topshop Australia franchisee Hilton Seskin. Photo: Simon Schluter “It will…
By: PTI | New Delhi | Published:May 23, 2017 4:57 pm Former Deputy CAG Suman Saxena and two others have been appointed as whole-time members in Insolvency and Bankruptcy Board of India (IBBI). Apart from Saxena, Mukulita Vijaywargiya and Navrang Saini have also been appointed as the new members, Ministry of Corporate Affairs said in…
Peppa Pig owner sees profits dip amid restructuring of film arm BelfastTelegraph.co.uk Peppa Pig owner Entertainment One has seen annual profits dive by 22% after taking a £47 million hit from restructuring its film arm. http://www.belfasttelegraph.co.uk/business/news/peppa-pig-owner-sees-profits-dip-amid-restructuring-of-film-arm-35745707.html http://www.belfasttelegraph.co.uk/business/news/article35745706.ece/9f9cc/AUTOCROP/h342/PANews%20BT_P-73288d77-44dd-48cb-bb30-d04e3f4656a4_I1.jpg Email Peppa Pig owner Entertainment One has seen annual profits dive by 22% after taking a £47 million…
Sony chief executive Kazuo Hirai on Tuesday hailed a years-long company restructuring as a success, but said struggles in its movie business remain a “pressing issue”. The 56-year-old company veteran was tapped five years ago to lead a major overhaul at the once-iconic company, which was suffering from huge losses largely tied to a hard-hit…
UPDATE: Diploma Group boss Nick Di Latte says the company will continue to push forward with its proposal to revive the company and provide a return to creditors, after provisional liquidators were appointed to 20 Diploma-related entities today. Justice Neil McKerracher of the Federal Court today lifted a stay on the appointment of liquidators from…
Simon Anquetil, one of the accused co-conspirators in the $165 million fraud against the Australian Tax Office, previously engaged in phoenix activity and alleged fraud as part of his role in his former IT company. EStrategy Group, which was wound up by the court in 2013 owing more than $200,000 to the ATO and American…