Australia’s northernmost sugar mill has been placed into voluntary administration, despite a $45 million taxpayer-funded handout. Key points: Mossman Sugar Mill is one of the biggest employers in the small town The mill has entered into voluntary administration due to “financial distress” The grower-owned mill has received $45 million in taxpayer funds in recent years…
Dainton Beer have today become the latest brewing company to file for voluntary administration, citing the need to restructure debts in order to continue operating as a profitable business. In a media release, the owners said they had “taken this step to deal with financial losses the business has accrued from ill-timed expansion in the face…
Dainton Beer enters voluntary administration to facilitate a financial restructuring of the business Daicom Australia Pty Ltd trading as Dainton Beer (Dainton), has announced their decision to appoint an administrator to help facilitate a financial restructuring of the business. Dainton operates a craft brewery and taphouse in Carrum Downs and a second taphouse in Croydon.…
On 19 October, it was announced that Australia frozen baked foods and desserts brand Sara Lee has called in administrators, hiring FTI Consulting to sell or restructure the Australian side of the business. Sara Lees Australian business was established in Lisarow, NSW, in 1971 and has a long history of producing home-grown desserts, including frozen…
THE Ghana Association of Restructuring and Insolvency Advisors (GARIA) has launched a journal to enhance the future of Ghanas corporate insolvency and restructuring landscape. Dubbed: Corporate Insolvency and Restructuring Journal, it is designed to be the mouthpiece of Ghana’s relatively young, but fast evolving insolvency and restructuring industry. It seeks to shape a new culture…
Sara Lee, bastion of frozen desserts loved by generations, has gone into voluntary administration. FTI Consulting has been appointed administrator. Originally owned by US based Hillshire Brands, McCain Foods acquired the business for $82 million in an all-cash deal in 2012. McCain announced it was looking for a buyer in 2020, saying it wanted to…
Perera was employed as an assistant quality controller. Her employment began on 24 October 2012. On the other hand, Rose was employed as a process worker and started her employment on 16 November 2011. On 18 July 2023, the workers received a letter from the employers head of human resources terminating their employment on five…
Reuters. MUMBAI – The Reserve Bank of India (RBI) has given its nod to the resolution plan for the troubled financial services firm Reliance Capital, paving the way for the acquisition by Indian conglomerate IIHL. The central bank’s endorsement comes with a “No objection” to IIHL’s offer of Rs 9,650 crore, confirming the successful bid…
Clements kicked off her legal career with Burke Melrose, (which merged with Anthony Harper in 2013); here, she concentrated on securities and retirement law. She then relocated to London, where she logged over a decade working with the banking and finance team at Carey Olsen in London and the Channel Islands. At Carey Olsen, she…
By Wayne Robinson | 15 November 2023 TMA Group of Companies has acquired Presfast, the retail display print business that went into voluntary administration last month. Extend POS capabilities: Anthony Karam, TMA TMA has a successful track record of buying print businesses and integrating them into its group, including the likes of Impress Colour, Premier…