Nike is taking Australian surf retailer SurfStitch to court following the company’s financial collapse, seeking more than $237,000 it claims it is owed. SurfStitch entered administration in May, a decade after the surf and skate business was valued at $600m. Nine News reports Nike Australia is claiming to be owed $237,760.38, citing court documents. Nike…
A popular motorcycle retailer with a 55-year history has gone bust, putting some 400 jobs at risk. Peter Stevens Motorcycles, which boasts a network of wholesale and retail outlets nationwide, entered voluntary administration on Monday. The company’s dealerships sell beloved brands including Harley-Davidson, Kawasaki, Honda, Suzuki, Yamaha and Vespa scooters. Its four major dealerships are…
THIRTEEN gold coast staff have been hit by the collapse of stockbroking firm BBY. The firm which commands more than $2 billion in funds and counts tennis great Ken Rosewall as one of its directors has been placed in voluntary administration. BBY announced yesterday it had handed control to advisory group KPMG after it failed…
The Australian Securities and Investments Commission (ASIC) has handed down a four-year ban to gold coast-based financial adviser Andrew Rankin. Under the ban, he is prohibited from providing any financial services, controlling an entity that carries on a financial services business, and performing any function involved in the carrying on of a financial services business…