sydney woman Gabrielle* is just weeks out from her wedding with no dress and more than $6000 out of pocket from a terrible ordeal. The woman, 31, is among nearly 100 victims left out in the cold after wedding company The Bridal Atelier collapsed into liquidation earlier this week. News.com.au reported that staff were terminated…
Ernest Hillier, the iconic Australian chocolate brand that claims to be the country’s “longest continuously operating confectioner”, has collapsed. The Victorian-based company went into voluntary administration, attributing the decision to the rising cost of both raw materials and shipping. Twenty staff have been stood down as a result. Australian chocolate brand Ernest Hillier has gone…
Source: Facebook One of Australias oldest chocolate brands has entered voluntary administration for a second time, with the rising cost of raw materials and shipping squeezing its margins. Ernest Hillier Chocolates was founded by English migrant Ernest Hillier in Sydney in 1914 and is thought to be Australias first chocolate manufacturer. Its Hilliers and Newmans…
One of Australias oldest chocolate brands, Ernest Hillier Chocolates, has gone into voluntary administration. Its parent, Chocolate & Confectionery Company, said rising raw materials and shipping costs had significantly impacted margins. Alan Walker and Glenn Livingstone from WLP Restructuring Partners have been appointed as the administrators and are seeking urgent expressions of interest from parties…
Alan Walker and Glenn Livingstone have been appointed as Voluntary Administrators to Chocolate & Confectionery Company and its related entity that owns and manufactures Ernest Hillier Chocolates, one of Australias oldest chocolate brands. Following rising raw materials and shipping costs which significantly impacted the companies margins, voluntary administrators were appointed. The businesss distribution network spans…
Aussie brides-to-be have been left in disarray after a popular boutique based in melbourne and sydney suddenly closed yesterday. A public notice posted to ASIC’s website on Monday announced the liquidation of The Bridal Atelier. Both stores were sent a notice for immediate closure, leaving customers “begging” for their wedding dresses, according to one staffer.…
Insolvency Law: Government Exempts Petroleum Assets from Moratorium; Aviation, Telecom May Be Next Business NewsGovernment Exempts Petroleum Assets From Moratorium; Aviation, Telecom May Be Next ADVERTISEMENT 20 Jun 2023, 6:57 PM IST 20 Jun 2023, 6:57 PM IST 20 Jun 2023, 6:57 PM IST WhatsApp Twitter Facebook Telegram Read the full article at: https://www.bqprime.com/business/government-exempts-petroleum-assets-from-moratorium
Eleanor Temple, chair of the UKs insolvency and restructuring trade body R3 in Yorkshire and a barrister at Kings Chambers in Leeds Corporate insolvencies increased by 51.2% in May 2023 to a total of 2,552 compared to Aprils total of 1,688, and increased by 39.8% compared to May 2022s figure of 1,825. Corporate insolvencies increased…
A month-on-month surge of over 50 per cent in the number of corporate insolvencies in England and Wales highlights the toll that three years of economic turmoil is taking on local businesses, with increasing numbers of companies expected to turn to an insolvency process over coming months to help resolve their financial issues. This is…
A month-on-month surge of over 50% in the number of corporate insolvencies in England and Wales highlights the toll that three years of economic turmoil is taking on local businesses, the Midlands branch of UK insolvency and restructuring trade body R3 says. The latest figures from the Insolvency Service show that corporate insolvencies jumped by…