The Australian operations of vitamin retailer GNC LiveWell have been placed in voluntary administration by parent company Osim International. GNC, which stands for General Nutrition Corporation, was founded in the United States in the 1930s and the brand is licensed in 49 countries. The brand sells vitamins, supplements and nutritional products, as well as sports,…
The company behind the failed McLaren Valley Festival that was originally due to take place in the Bay of Plenty next month have gone in to liquidation and it could spell bad news for those waiting for ticket refunds. Having called off the two-day festival scheduled for McLaren Falls Park in the Lower Kaimais citing…
The Prime Ministers announcement on Monday 7 December of a National Innovation and Science Agenda is a welcome development. However, the challenge will be for the government to turnaround our National Innovation System (NIS) which has been steadily in decline for some time. As outlined in the Prime Ministers statement, Australia has many world class…
The promotion company behind the cancelled Echo Festival in Auckland has gone into liquidation, and those waiting for ticket refunds still have no assurance they will get their money back anytime soon. A message posted on the Echo Festival NZ Facebook page this afternoon said the festival’s promoting company had been placed into liquidation. “After…
MARTY SHARPE Frimley Estate, on the northern edge of Hastings. The development is not complete, and has not been a success for investors. An unsuccessful property development in Hastings has been put into liquidation with a judge saying those running the company appeared to be rewarding themselves rather than meeting obligations to creditors. Frimley Estate…
A baby goods retailer with 11 outlets across New South Wales has collapsed into voluntary administration just weeks before Christmas. My Baby Warehouse NSW is continuing to trade but a freeze has been placed on gift cards, refunds and lay-bys as December 25 quickly approaches, according to the Daily Telegraph. Robert Kite and Ozem Kassem…
Jamie McIntyre at a Senate hearing into land banking schemes. Photo: Wayne Taylor A failed land banking company linked to property spruiker Jamie McIntyre will be placed into liquidation amid concerns about $25.5 million of investors’ funds. Midland Hwy Pty Ltd was behind a Bendigo land banking project called Hermitage, spruiked by Mr McIntyre’s controversial…
More than 50 workers have lost their jobs, after Canberra-based printing company Paragon Printers went into liquidation this week. Paragon Printing bills itself as one of the largest independently owned commercial printers in Australia, but on Monday it closed its doors, owing creditors approximately $3.3 million. Paper supply companies made up the majority…
Drainlayer Graham Lilley has changed his name and is working in Wellington. A man who ran a drainlaying operation in Christchurch is plying his trade in Wellington under another name. Graham Daniel Lilley, 37, ran a company called Alligator Drainage after the Canterbury earthquakes. It took large deposits from householders, many of them elderly, after…
An IT distribution company that has operated for almost 20 years has collapsed into voluntary administration. Altech Computers was established in 1997 and has offices and warehouses in Sydney, Melbourne, Brisbane, Adelaide, Perth, Auckland and Hong Kong. The business featured in BRWs Fast 100 for several years between 2004 and 2006, coming in at number…