Media entrepreneur Antony Catalano has used a tense general meeting of Keybridge Capital – which could see director Nicholas Bolton booted from the board – to accuse the chairman of frustrating proceedings and lying to shareholders. A meeting was scheduled at 4:30 pm in melbourne on Monday – hours after the investment company was formally…
Australian building giant Probuild has gone into voluntary administration after a problem-laden high-rise project drove the company into debt, meaning up to $5 billion in commercial and public sector projects are in jeopardy. It was tools down on Wednesday night across the country, and 750 dismayed employees along with countless contractors have woken up today…
perth Airport has seized a number of parked Virgin Australia aircraft because of unpaid invoices, with the airport saying it must “protect its own interests”. Dramatic images show a bulldozer blocking one plane on the runway at the airport. It is the latest development in Virgin’s potential demise – the biggest collapse of an Australian…
A New South Wales-based company that specialises in designing, installing and servicing wireless products has collapsed into voluntary administration. Enersus was established in 2006 and over the past nine years has provided wireless services to a range of large entertainment and sporting facilities, including Rod Laver and Hisense arenas in melbourne, perth Arena, the Darwin…
Aussie denim giant Jeanswest has fallen into voluntary administration, the brand announced on Wednesday afternoon. It comes as retail company Harris Scarfe closes 21 stores across the country and women’s fashion brand Bardot goes into voluntary administration. Christ. Not to mention, EB Games is also closing down 19 “unprofitable” stores at the end of January. [jwplayer hQMXSVxn] Jeanswest…
The CEO of a charity that made a $5.2million loss has been slammed for taking three staff on a 12,000km trip to Africa to lecture women on business. gold coast-based charity FSG Australia, a freedom and social justice group, travelled to Zambia, Africa, in September after recording the multi-million dollar deficit. The charity entered voluntary…
Fashion chain Topshop has closed its perth store, less than three years after opening in the Murray Street mall. Pictures taken at the weekend showed the store boarded up, with advertisements for Carillon City. The retailer was placed in voluntary administration in May because of rising debts. The Perth store is one of five across…
Jeanswest’s administrators have confirmed which of its stores will be shuttering after the retailer went under last week. It has been announced 263 employees would be made redundant, and 37 shops would be closed. In NSW, Blacktown, Castle Towers, Charlestown, East Gardens, Kotara, Lismore, Macarthur, Miranda, Shellharbour, Singleton, Tweed City and Wetherill Park stores will…
The Kelly Slater Wave Company has suffered a major setback in its first artificial wave arena project. The investment proposed for the gold coast is suspended by the announcement that LM Investments has been placed into voluntary administration. The fund manager governing $3 billion is under investigation by the Australian Securities and Investments Commission for…
Australia’s third-largest airline has gone into voluntary administration and cancelled flights on some of its routes. Rex Airlines specialises in flying to dozens of smaller regional towns and cities across the country – many of which are not serviced by larger rivals Qantas and Virgin Australia. Trading in Rex shares was halted earlier this week…