More than 110 staff from perth contractor ECM have gone back to work on Tianqi Lithium’s Kwinana processing plant, a week after the news the company had gone into voluntary administration. On Thursday administrator’s KPMG’s confirmed some staff were heading back to work but it is still less than half of the 400 staff temporarily…
Blackstone, a major alternative asset manager with over $1 trillion in assets under management, is reportedly eyeing ASX-listed group that owns and operates The Star sydney, The Star gold coast, and Treasury brisbane, Star Entertainment. Different Approach Instead of making a regular move, the NYSE-listed company that serves institutional and individual investors and has deep…
The Pastoralists and Graziers Association of Western Australia (PGA) has entered voluntary administration, a week after it suspended operations following the uncovering of financial misconduct within the organisation. The organisation, a lobby group for WA’s agricultural sector, appointed RSM Australia partners Jerome Mohen and Greg Dudley as administrators on Thursday afternoon. Mr Mohen said the…
sydney Brewery have taken over the former home of Rocks Brewing and transformed the substantial inner-city brewpub into Sydney Brewery Alexandria. The acquisition comes after Rocks went into voluntary administration in October last year, which led to insolvency solutions and business turnaround firm Jirsch Sutherland overseeing a targeted marketing campaign to sell the Alexandria site. …
Rugby Australia boss Phil Waugh met Victorian government officials on Wednesday to discuss the future of the melbourne Rebels, as liquidators continued to look for a way forward for the club. But there are still no guarantees over whether the government will provide a bailout for the club, which officially entered voluntary administration on Monday…
Australian fashion label Nique has entered voluntary administration, becoming the latest high-street brand to falter in a tumultuous economic environment. The 26-year-old label, best known for its minimal black and white designs and earth-tone apparel, on Wednesday appointed Justin Howlett of SMB Advisory as administrator. Nique has since ceased trading, while Howlett pursues urgent expressions…
They allege the governing body owes $6 million for underfunding the club over a number of years, and an additional $2 million to cover the cost of Rebels’ player wages while they were on Wallabies duties. Button outlined the directors’ argument that if Rugby Australia paid this amount that would pay off some of the…
One of Australia’s oldest chocolate brands has entered voluntary administration for a second time, with the rising cost of raw materials and shipping squeezing its margins. Ernest Hillier Chocolates was founded by English migrant Ernest Hillier in sydney in 1914 and is thought to be Australia’s first chocolate manufacturer. Its Hillier’s and Newman’s branded chocolates…
Iconic Australian beverages brand Billson’s has plunged into voluntary administration. The company produces ready-to-drink vodka, craft beer and cordial at its brewery in Beechworth in the north-east of Victoria. Husband and wife team Felicity and Nathan Cowan announced today that they made the “excruciating and difficult decision” to enter administration. Iconic Australian beverages brand Billson’s…
Seer Medical cofounders in happier times [from L to R]: Professor Mark Cook, Dr Dean Freestone, and George Kenley. A medtech company named Victorian Startup of the Year in 2022 and backed by Breakthrough Victoria has entered voluntary administration with a “potential sale or large-scale restructure” on the cards. Pitcher Partners’ Lindsay Bainbridge and Andrew…