Image via Seafolly Words by Tori Mathison Sad news for Aussie swimwear lovers. Seafolly has become the next victim of Australia’s challenging retail landscape, and yesterday announced that it is entering into voluntary… Continue reading…
Billionaire publican Bruce Mathieson attempted to acquire Star Entertainment’s sprawling gold coast property late last year with a proposal that valued the resort complex at about $550 million. Of note, that is well above Star’s current market capitalisation of just $373 million. The proposal, sources told this column, came just weeks before the casino group…
21 June 2024 The Kirribilli Club Board has stepped aside and appoint the services of SV Partners to act as Voluntary Administrators of the Kirribilli Club effective immediately. “Unfortunately, due to a combination of overwhelming financial, operational and hospitality market circumstances we have exhausted all available options and have not come to this conclusion lightly. Mr Hugh Armenis…
Subcontractors working on the perth Stadium footbridge have been reassured they will be paid, despite the collapse of a major civil engineering company leaving some chasing payments of hundreds of thousands of dollars. Key points: York Civil is a joint partner in the Matagarup Bridge project Bridge subcontractors say York Civil owes them hundreds of…
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…