It’s the end of an Aussie backyard institution with the closure of an iconic retailer’s stores across Australia — including 14 in WA. Barbeques Galore has officially gone into receivership after a last-ditch rescue deal failed. It means hundreds of jobs are in jeopardy as the curtain comes down on one of Australia’s best-known barbecue…
The perth DFO stores is one of four shutting down. (Transit Clothing, Facebook) Transit Clothing Transit Clothing has gone into voluntary administration, with four stores shutting down in WA. Mandurah, Dunsborough and Perth DFO branches will close immediately, followed by the Clarkson outlet on Saturday. All staff members affected by the closures will be made redundant…
Toys R Us has gone into administration five years after the company was saved. In a statement to the ASX the company said the business has been put into voluntary administration. Toys R US ANZ has put Luke Andrews and Duncan Clubb from BDO Business Restructuring in charge of the restructure to the toy store.…
Virgin will continue to operate while in voluntary administration, and is not collapsing, the airline’s boss says. CEO Paul Scurrah says today’s announcement that the carrier was in administration was tough, but the plan was for the group to survive the economic impact of the coronavirus pandemic. At least 10 potential investors, some international, are…
Celebrity chef George Calombaris’ hospitality empire could soon go into voluntary administration. Creditors will reportedly meet on Monday to discuss the future of the business after it was rocked by revelations that staff were backpaid $7.8 million in wages and superannuation in 2017. Watch the video above Know the news with the 7NEWS app: Download…
A Queensland-based company that manages ATMs in petrol stations, supermarkets and convenience stores has collapsed into
Vacuum cleaner retail chain Godfreys has collapsed, with cost of living pressures blamed for fewer sales and contributing to a “challenging economic and operating environment” for the business to remain viable. Key points: Godfreys has entered voluntary administration while looking for a potential buyer for the vacuum cleaner retailer The business has struggled with maintaining…
Aussie influencer Constance Hall’s fashion brand Queen The Label has collapsed into voluntary administration after seven years. She made the announcement on social media, saying she no longer has money on her books to pay off her debts. “I have been stressed out for seven years, seven years of not giving my kids the time…
Popular Japanese restaurant Okami has placed more than a dozen of its venues into voluntary administration across the country. The all-you-can-eat restaurant said the effects of the pandemic combined with rising inflation led to a decline in sales. Impacted venues include eight in NSW, five in Victoria, two in the ACT and one in South…
Another Western Australian construction company has collapsed blaming increased material costs and labour shortages as well as “distrust” amongst the business’ stakeholders. Modco Residential, owned by Yusuf Khan and Cynthia Lu, is a perth-based construction company specialising in building steel-framed homes and was launched in 2020. But the business entered voluntary administration on Monday. READ…