Update Tuesday July 16, 2024: Dion Lee is on sale with between 40 per cent and 80 per cent off the entire collection both in-store and online. Prices start as low at $19. Local designer label Dion Lee has entered voluntary administration, bowing to economic pressures. Antony Resnick of insolvency firm DVT has been appointed…
Black Hops Brewing has been saved from liquidation, with a consortium of existing shareholders and other fans of the brewery stepping in to acquire it. It was announced in early April that the gold coast-based brewery had entered into voluntary administration, with Deloitte Turnaround & Restructuring heading up the financial restructuring. Up until last week,…
The melbourne Rebels’ bid to be part of the 2025 Super Rugby Pacific competition is over, with the franchise to play their last game of Super Rugby next month. In administration since January and owing in excess of $23 million, Rugby Australia has footed the bill for player and staff wages since, while also taking back…
Above: Josh Eaton, Melissa Eaton, Peter Eaton and Ben Eaton Hardware and consumables supplier, Starleaton, has entered voluntary administration. Companies contacted by Sprinter who supply Starleaton said they were surprised by the news and were unaware that the business was facing any financial difficulties. Starleaton locally represented companies including Canon, Zund, Epson, and Neschen. Sprinter…
APA Group is assessing a range of potential future uses for the Moomba sydney ethane pipeline after its principal user entered into voluntary administration. The Moomba Sydney ethane pipeline (MSEP) is a 1300km ethane pipeline connecting Moomba, South Australia to Qenos’ petrochemical facility in Port Botany, NSW. Plastics manufacturer Qenos has until now been the sole…
Air Vanuatu said on Thursday it had cancelled international flights for the rest of the week, as the Pacific Island nation’s government considered placing itsnational carrier into voluntary administration. All of Air Vanuatu’s international flights between Thursday and Sunday are canceled, and all later flights are under review, the airline said in a statement. “The…
Award-winning Aussie beer brand Golden West Brewing Co has collapsed and gone into voluntary administration. The brewer’s entire workforce was let go mid-shift last Wednesday, with administrators only keeping on the brew team to finish processing beer already in tanks to be packaged and sold. Golden West was originally established in 2021 as Modular Brewing…
Stevens Construction, a New South Wales company that has completed hundreds of millions of dollars worth of building projects, has gone into voluntary administration. The Central Coast-based firm called in Jonathon Keenan, Andrew Cummins and Peter Krejci from BRI Ferrier as administrators on Monday morning, who are now looking at whether to restructure or sell…
The Australian rugby community was left stunned in January, when the melbourne Rebels entered voluntary administration, weeks before the start of the Super Rugby Season. The Rebels had been in trouble for some time, but things seemingly came to a head in January 2024, when the team’s ever-increasing debt became untenable. Despite fielding an impressive…
Lotus Beer Co, the Geelong craft beer company behind Valhalla Taproom and Valhalla Brewhall, has entered voluntary administration. Company founder Scott Hunt said skyrocketing operational costs and a dramatic down-tick in demand were behind the move. Scott Andersen and Matthew Kucianski from insolvency firm Worrells were appointed as the administrators on Monday. Know the news…