On 19 October, it was announced that Australia frozen baked foods and desserts brand Sara Lee has called in administrators, hiring FTI Consulting to sell or restructure the Australian side of the business. Sara Lees Australian business was established in Lisarow, NSW, in 1971 and has a long history of producing home-grown desserts, including frozen…
THE Ghana Association of Restructuring and Insolvency Advisors (GARIA) has launched a journal to enhance the future of Ghanas corporate insolvency and restructuring landscape. Dubbed: Corporate Insolvency and Restructuring Journal, it is designed to be the mouthpiece of Ghana’s relatively young, but fast evolving insolvency and restructuring industry. It seeks to shape a new culture…
Sara Lee, bastion of frozen desserts loved by generations, has gone into voluntary administration. FTI Consulting has been appointed administrator. Originally owned by US based Hillshire Brands, McCain Foods acquired the business for $82 million in an all-cash deal in 2012. McCain announced it was looking for a buyer in 2020, saying it wanted to…
Perera was employed as an assistant quality controller. Her employment began on 24 October 2012. On the other hand, Rose was employed as a process worker and started her employment on 16 November 2011. On 18 July 2023, the workers received a letter from the employers head of human resources terminating their employment on five…
Reuters. MUMBAI – The Reserve Bank of India (RBI) has given its nod to the resolution plan for the troubled financial services firm Reliance Capital, paving the way for the acquisition by Indian conglomerate IIHL. The central bank’s endorsement comes with a “No objection” to IIHL’s offer of Rs 9,650 crore, confirming the successful bid…
Clements kicked off her legal career with Burke Melrose, (which merged with Anthony Harper in 2013); here, she concentrated on securities and retirement law. She then relocated to London, where she logged over a decade working with the banking and finance team at Carey Olsen in London and the Channel Islands. At Carey Olsen, she…
By Wayne Robinson | 15 November 2023 TMA Group of Companies has acquired Presfast, the retail display print business that went into voluntary administration last month. Extend POS capabilities: Anthony Karam, TMA TMA has a successful track record of buying print businesses and integrating them into its group, including the likes of Impress Colour, Premier…
The recent collapse of Supie highlighted the limited options employees have when businesses fail. Fixing the Companies Act would be a good place to start. When independent supermarket startup Supie went bust last month the companys 120 employees were told they wouldnt be paid for their last two weeks of work, or receive any of…
An Australian renovation company has collapsed into liquidation leaving customers and tradespeople millions of dollars in the red. melbourne-based kitchen and bathroom renovation company, Ultimate Kitchens & Bathrooms was handed over to liquidator Stephen John Michell on October 31. Consumer Affairs Director Nicole Rich on November 1 issued a warning to consumers after receiving customer…
Four lawyers, including two directors, of Singapore law firm Kalco Law have left to launch a disputes-focused boutique in the city called Fortress Law. The new firm, which focuses on civil and commercial disputes, criminal defence litigation, insolvency and family law work, will be led by directors James Ow Young, Trent Ng and Mark Yeo.…