Seven Nike stores across sydney have closed and more than 100 staff members have lost their jobs after a franchisee fell into liquidation. The company, AF-1, has managed Nike stores in Sydney since 2006 along with a retail consultancy, which offered training and advice for other retail businesses. AF-1 managed seven Nike shops on Pitt…
Published: 14:54 AEST, 29 September 2025 | Updated: 16:34 AEST, 29 September 2025 Australian fashion powerhouse Desordre has collapsed under millions of dollars of debt. The expensive retailer, which was began as a pop-up store in Melbourne and Fortitude Valley in brisbane. It also maintained an international presence through its global online boutique. However, ASIC…
sydney pub baron Jon Adgemis’ business empire is under further strain after a key company, Public Hospitality Operating Co, collapsed into liquidation owing $123 million to the tax office, with liquidators unable to locate assets once valued at more than $1.29 billion. Liquidator Tim Cook of Balance Insolvency said records explaining the purpose of the…
Victims of a perth builder are being encouraged to speak with their insurers after it went bust. Liquidators have been called in to wind up the Tingey Development Group, leaving dozens of homes unfinished. Perth couple Simon and Sheri Davies have been waiting a long time to live in their dream home and now have…
301 Flinders Lane was sold to an education group for about $24 million. However, a more recent report shows intercompany loans of $13.3 million were made from Harrolds Logistics to entities controlled by the Poulakis family, and MacNeil was looking to recoup the cash. He did not return inquiries, and Ross Poulakis said he was…
Do you know more? Email [email protected] By KYLIE STEVENS, SENIOR BREAKING NEWS REPORTER, AUSTRALIA Published: 02:16 AEST, 13 September 2025 | Updated: 02:23 AEST, 13 September 2025 An award-winning home building company has collapsed after just two years of operation. perth-based Tingey Development Group was wound up by liquidators Hall and Chadwick on Wednesday. It’s…
A perth-based residential builder has gone bust with 15 incomplete projects after two years of operation. Liquidators were appointed to wind up Tingey Development Group at Hillarys, in Perth’s north, on Wednesday. The company’s LinkedIn profile states directors Geoff and Brooke Tingey have more than 30 years of construction experience. It is the third registered…
The WA Government is telling homeowners to focus on making sure they have home indemnity insurance. Following the liquidation of a perth residential builder, Building and Energy Western Australia has told those impacted to get in touch with their insurer. The recent collapse of Hillary’s-based Tingey Development Group Pty Ltd has left homeowners in the…
The meeting was told an investigation was ongoing into whether the business had traded while insolvent – meaning the business continued operating despite being unable to pay its debts. If proven, Kellock could be personally liable for some of the unpaid debts. Loading “[Which means] the parties could pursue them [the directors], and if they…
Australians who lost more than $1 million on prepaid “dream” holidays have been told not to expect to see their money again. melbourne-based agency Traveldream — registered as Australian Travel Deals Pty Ltd and known for selling discounted flights, cruises, and international tour packages — collapsed in April and went into voluntary administration. A new…