Experts have sounded the alarm after a perth mum lost almost half a million dollars in life savings following the collapse of a superannuation fund. Western Australia nurse, Kathryn Shannon, had set up a self-managed super fund with Simple Super and transferred over $460,000 of hard-earned money over more than three decades. But its parent…
Jamie Oliver’s Australian restaurant group has collapsed into voluntary administration, weeks after it was revealed the celebrity chef’s British hospitality company is $126 million in debt. BDO partners Andrew Sallway, Andrew Fielding and James White were appointed administrators of the Jamie Oliver Restaurant Group (Australia) Pty Ltd on Monday. The company operated six Jamie’s Italian…
A family-owned office supplies business that employs 40 people in Western Australia has collapsed into voluntary administration. The McLernon Group has a sizeable piece of the Western Australian office supplies business market through its retail arm McLernons Everything Business, which is Officeworks’ number one competitor in perth. But flat retail conditions in Perth have taken…
Sydney, where the brand has two outlets. Administrator reports show the Melbourne operation’s parent company, Poernomo Enterprise, owes creditors more than $1.6 million, much of it to related parties including family members and affiliated businesses. Managing director of KOI Dessert Bar, Reynold’s brother Ronald, told News Corp that the establishment was continuing to trade during…