New Zealand retailer Nicholas Jermyn, which specialised in business attire and accessories, was family run for 10 years. Photo / iStock Retailer of business shirts Nicholas Jermyn has been placed into liquidation, with administrators saying workplaces becoming less formal and increased competition from online retailers led to its demise. The 10-year-old New Zealand retailer was…
KEVIN STENT/FAIRFAX NZ Nicholas Jermyn on Willis Street,Wellington, was closed when the chain was placed into receivership in May. It is now in liquidation. Nicholas Jermyn, a high street retailer of business clothing, has been placed into liquidation. Founder Nick Harris announced the move in an email to customers. “We are a small family-run business…
Sept. 13, 2016 5:30 a.m. ET The industry warnings are urgent and often dire: The housing market could stall. Marriages are being postponed. Workers wont have the savings to retire. The nations food supply will be disrupted. They point to one threat: soaring student debt. A tripling of student debt over the past decade to…
Business News Retail By Chris Cooke | Published on Tuesday 13 September 2016 HMV owner Hilco has responded to criticism from its former staff in Ireland, whose redundancy payments were further delayed last week when the Irish side of the entertainment retail group was put into liquidation. As previously reported, when Hilco bought HMV out…
Are you looking for work in and around Mackay? Here are nine jobs that are available right now. 1. Greyhound bus drivers Greyhound buses will take over from Stonestreet buses on the busy Toowoomba to Brisbane route. Photo: Contributed Contributed This is a role with a lot of flexibility. Greyhound Australia is looking for drivers;…
Worker claims he’s owed $100k Save Monday, 12 September 2016 A former employee is seeking $100,000 from a tech company that once aspired to list on the NZX and is now in liquidation. Lawrence Sami was employed by mobile payment company Optimizer HQ, run by Mana Kumar, which previously operated the Swipe payment brand from…
Comments (0) Lisa Thomas, insolvency practitioner at Neville & Co explains that in the end, liquidation may be the answer The main part of our work revolves around advising Directors on the insolvency options for their companies and then holding their hand through whichever procedure is most appropriate in the circumstances. Liquidation is one of the…
The high-profile directors of collapsed stockbroker BBY, Ken Rosewall and his son Glenn, will take the stand during the course of a much anticipated liquidators hearing which begins today in Sydney. Approximately 6,000 clients are owed about $61 million from BBY, which collapsed in May 2015 amid claims of insolvent trading, misuse of client…
POKIES bankrupted the Frankston Football Club. The Dolphins went into voluntary administration late last month as the club struggled under large debts and the administrators called in by the club have now confirmed most of the clubs debts are related to pokies machines licences. Worrells Solvency and Forensic Accountants, administrators called in by the club,…