Jeanswest in Australia enters administration â realestatesource
Jeanswestâs Australia arm is the latest retailer to enter voluntary administration. The casual and maternity clothing company, founded by
Perth Fashion Festival in administration owing more than $800,000
In October perth Fashion Festival offered creditors 25 cents in the dollar or full repayment over six years. Creditors were told if they did not accept the arrangement, they would receive nothing because the company would go into liquidation. Perth Fashion Festival was managed by Perth Fashion Festival Pty Ltd for 20 years until it…
King Street Gourmet Retailer Mercado Slips Into Voluntary Administration
brisbaneâs food and drink scene was rocked late last week by the closure of Mercado. The gourmet retailer had barely lasted six months after opening in November with designs on being Brisbaneâs 1500 square metre answer to Harrods Food Hall in London and Italyâs Eataly. A sign in the window of the King Street retailer…
Granny flat builder Cubitt’s in voluntary administration
Cubitt’s Granny Flats and Home Extensions, an affordable housing company that has been operating in NSW and ACT for the past 30 years, has been placed into voluntary administration with debts of about $3.8 million. Directors of the family-owned company have appointed Richard Stone and Brett Lord from RSM Australia Partners as administrators following an âemotionalâ meeting…
Botswana Butchery restaurants in Australia enter voluntary administration, White + Wongâs eateries also close
A hospitality group operating popular New Zealand-founded restaurants Botswana Butchery and White + Wongâs will close its Australian eateries. Hospitality business Good Group Australia was thrust into voluntary administration on March 31, impacting the Botswana Butchery chain and three other Asian restaurants across the Tasman. New Zealand operations at Good Group are not affected. The…
Virgin Australia boss says no further redundancies are planned despite administration
Virgin Australia’s CEO says no further redundancies have been planned as a result of the airline’s move into voluntary administration on Tuesday morning. Airline boss Paul Scurrah said the development would not have an immediate impact on its operations. Virgin Australia CEO Paul Scurrah. Source: AAP “We have not changed anything in respect to the operations or the…
Hawkers Beer enters voluntary administration to facilitate financial restructuring â Brews News Australia
Australian Brewers Guild Pty Ltd trading as âHawkers Beerâ (Hawkers) has announced they have appointed an administrator to help facilitate a financial restructuring of the business. Hawkers is one of melbourneâs largest manufacturer and distributor of craft beers, based in Reservoir. DBA Reconstruction & Advisory as Administrator is supporting the continued operation of Hawkers, so…
Criniti Restaurant Group collapses into voluntary administration
Italian restaurant chain Criniti’s has collapsed into voluntary administration as high overheads and low consumer spending wreak havoc on the group’s bottom line. Following a meeting on Monday, the Directors of Criniti Restaurant Group appointed Worrells Solvency and Forensic Accountants as administrators. The Criniti Group currently operates 13 venues in sydney, melbourne, perth and brisbane.…
Australian home battery maker out of administration and “here to stay” under new owners
Australian-owned and operated battery and smart inverter outfit Redback Technologies has come out of voluntary administration and is back in business under the control of new owners, Australia Ebon Group. The brisbane-based company went into voluntary administration in March, just days after being a part of the Smart Energy Conference in sydney, where it was…
Gold Coast brewery Black Hops teeters on the edge of collapse – here’s why the industry says so many craft brewers are going to the wall
Another Australian brewery is in serious financial difficulty, following on from a series of craft brewers entering voluntary administration – and they all blame the same reason for their troubles. The latest casualty is the gold coast-based Black Hops Brewing, which has gone into voluntary administration due to mounting tax debts. Like the many other…