A melbourne-based clothing manufacturer and wholesaler founded in 1996 has entered voluntary administration. LM Australasia started out producing and wholesale women’s lingerie before growing into a fashion house that specialised in seamless garments, including knitwear, tops, leggings and shapewear. The business is based in the Melbourne suburb of Collingwood and, in 2010, employed 20 staff…
Six years after launching, the Australian arm of British retail giant Topshop has gone into voluntary administration due to rising debt. It opened its first store – covering 1300 square metres – in melbourne’s Jam Factory in 2011. That was followed by eight stand-alone stores and 17 Myer sites across Australia. The brand has more…
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 BRW’s Fast 100 for several years between 2004 and 2006, coming in at…
HOOTERS is going bust up. While the gold coast establishment is still trading, it has gone into voluntary administration this week only months after employees claimed that the Australian franchises of the US restaurant chain were not paying them superannuation. It joins three of the restaurants in sydney and one in Townsville that have gone…
The parent company of several fine dining restaurants located in iconic Australian locations has collapsed with $23million of debt and more than 200 jobs at risk. Good Group Australia, the owner of the high-end steak chain Botswana Butchery and several Asian venues, announced last month that it had entered voluntary administration. The famous Botswana Butchery…
Adriano Zumbo’s dessert company Zumbo has been placed in voluntary administration according to a report by Good Food. A creditors meeting was reportedly held by administrators on Wednesday morning in sydney which was attended by landlords and trade creditors. According to Good Food, attendees were allegedly told debts could reach as high as $10 million…
A gold coast company that offered “heavily discounted” travel packages to its members has collapsed into voluntary administration and ceased trading. More than 15,000 members of Australian Escapes could be affected by the business’s collapse, including some who are currently travelling overseas, as well as approximately 40 employees, according to the Gold Coast Bulletin. However,…
More than 500 workers in sydney have had their jobs terminated after the collapse of Red Lea Chickens, which has been placed into voluntary administration after 60 years in business. Workers from the Blacktown processing plant and Sydney retail stores were told their jobs no longer existed in an email sent to them over Easter…
Struggling menswear retailer Ed Harry has been placed in voluntary administration with an immediate clearance sale of merchandise coming into effect as creditors assess the business. On Tuesday, KPMG’s Brendan Richards and Gayle Dickerson were appointed voluntary administrators after a “particularly tough” Christmas sales period for the chain, and mounting pressure from decreased shopping centre…
Australia’s property sector troubles have deepened, putting the future of the country’s tallest residential development in question, after developer Beulah International put the project manager of its high-profile Sth Bank project into voluntary administration. Pitcher Partners’ David Vasudevan and Lindsay Bainbridge were appointed administrators of BSSPV Pty Ltd after architecture firms Cox Architecture and UN…