It was hailed as an Australian fast food success story, but now the Pie Face Group is in the hands of voluntary administrators. The high costs of company run stores and an aggressive expansion overseas are being cited as reasons for the collapse of the group. While the administrators conduct a review of operations, there…
By NICHOLAS COMINO, NEWS REPORTER, AUSTRALIA Published: 01:08 AEST, 7 July 2025 | Updated: 11:45 AEST, 8 July 2025 A company associated with MasterChef star Reynold Poernomo has collapsed owing $500,000 to creditors. Poernomo was a popular contestant on the 2015 season of the hit cooking show. Two years later, he and his brothers, Arnold…
Translated by Nicola Mira Published June 10, 2025 Fenice Retail, the retail subsidiary of Fenice Srl, a company in which Italian fashion influencer Chiara Ferragni now holds a 99% stake, posted aggregate losses in 2023-2024 of €1.2 million, and went into liquidation in May, according to the Radiocor agency. Chiara Ferragni Fenice Retail’s liquidation means…