A melbourne confectionery manufacturer that has been operating for 60 years has collapsed into voluntary administration just months after being acquired by international investment firm Re:Capital. Betta Foods is home to liquorice brand Capricorn and also supplies ice cream cones, marshmallows and jelly lollies to major retailers including Coles, Woolworths and ALDI. Bruno Secatore, Daniel…
Above: Starleaton CEO Ben Eaton After yesterday’s open letter to the industry, Starleaton has provided further background on its business’ past, present, and future on the company’s website. “After navigating a challenging 2023, Starleaton, a leading wide-format provider, has successfully avoided liquidation, marking a pivotal moment with the implementation of a DOCA (deed of company…
sydney-based large format printer, Blow Up Imaging, has lived up to its name and imploded with the collapsed company now in the hands of administrators. Blow Up Imaging was established in 1993 and is owned by Tricol Pty Ltd (incorporated in 1976) and forms part of the WK Family Investments Group. Tricol Pty Ltd is now…
Beleaguered casino group Star Entertainment has barely enough cash to last until Friday and could be under administration as early as Wednesday. Insiders, who spoke on condition of anonymity, have told the ABC that Star’s directors have become increasingly nervous about keeping the ailing gaming group afloat in the absence of any debt refinancing or…
A newly constructed waste treatment plant in melbourne that treats industrial waste and contaminated soil has gone into voluntary administration, owing secured creditors about $83 million. Renex Industries and its various subsidiaries entered voluntary administration on October 9, with administrators Rahul Goyal, Craig Shepard and Richard Tucker of KordaMentha appointed to manage the administration…
A number of Pinot & Picasso studios face an uncertain future after their parent companies entered voluntary administration. There are currently more than 40 Pinot & Picasso studios around Australia, allowing people to book a group painting session where they’re guided on how to recreate a piece of art while enjoying a few drinks. Salea…
Tasmanian Premier Jeremy Rockliff has expressed concern
After news broke on Monday afternoon that Virgin was facing imminent collapse, the Velocity website crashed as members flooded the online store to redeem their points for products and gift cards before it was too late. By Tuesday morning the online store redirected to another page stating that “redemptions have temporarily been paused”. The company…
Star Entertainment needs money — urgently. The company has been walking a tightrope of financial difficulty for months and all signs point to the casino operator losing its balance and falling into administration this week, experts warn. It entered a trading halt on Friday after missing its deadline to report its half-year results to the…
The future of Australian low-fare carrier Bonza is in limbo with the airline announcing on Tuesday 30 April that it was entering voluntary administration and had grounded all its flights. In a fiercely competitive market, dominated by the likes of Qantas and Virgin, the airline, which launched in January 2023 had reportedly transported more than…