Monogramed luxury fashion business The Daily Edited (tde.) is back from the brink yet again, with the former startup’s owner, Marquee Retail Group (MRG), emerging from voluntary administration, following the execution of a Deed of Company Arrangement (DOCA) to secure the business. MRG is owned by former Myer boss Bernie Brookes. It bought tde. in…
Blockchain provenance startup Everledger has been placed in voluntary administration after an existing investor failed to follow through on the 2nd tranche of their funding. The brisbane tech company, founded in 2015 by former Queensland chief entrepreneur Leanne Kemp, offers supply chain traceability using blockchain, artificial intelligence, intelligent labelling and Internet of Things. They were…
March 7 (Reuters) – Australia’s Star Entertainment (SGR.AX), opens new tab on Friday said it has yet to reach an agreement to sell its 50% stake in the brisbane joint venture to its Hong Kong-based shareholders, as it navigates mounting pressures to avoid voluntary administration. The Australian Financial Review reported that Star is considering offloading…
Troubled Victorian medical device startup Seer Medical has been placed in voluntary administration amid a product recall and legal battle with its ousted cofounder. Lindsay Bainbridge and Andrew Yeo from Pitcher Partners melbourne were appointed administrators on January 6 following a pre-Christmas board meeting where the medtech’s directors voted to hand over the books. Pitcher…
Pioneering brisbane recycling venture Circonomy was placed in voluntary liquidation on Friday with founder Yas Grigaliunas saying the 11-year-old business was no longer financially viable. Liquidators James Taplin and Stefan Dopking of BRI Ferrier were handed the books to review the company’s operations for a possible sale. Circonomy began in life in 2013 as the…