A popular Australian craft beer company has entered voluntary administration, but its founder has insisted “it’s business as usual” for the team. Hawker’s Beer, an independent brewing company based in Reservoir in melbourne, announced today it has appointed administrators “to help facilitate a financial restructuring of the business”. DBA Reconstruction and Advisory will oversee the…
Award-winning craft brewery Deeds Brewing has gone into voluntary administration, as a dire year for independent Australian beer makers continues. The Victorian-based outfit called in administrators on Wednesday, according to ASIC records, for four companies that make up the business: Deeds Group Pty Ltd, Deeds Brewing Company Pty Ltd, Future Proof Distilling Pty Ltd and…
Australian regional airline Regional Express, known as Rex, has gone into voluntary administration. However, regional planes are still flying as scheduled, the airline said. But all Regional Express domestic flights between major cities are cancelled. READ MORE: Controversial scene at Olympics ceremony triggers torrent of abuse Rex Airlines has gone into voluntary administration Supplied Rex announced…
Two popular venues in melbourne have gone into voluntary administration as teams work to find a way to keep the “much-loved, iconic” venues afloat. Tracey Lester, the owner of the companies behind the Carlton Club and the Windsor Castle Hotel, has hired Cor Cordis administrators Rachel Burdett and Shaun Matthews to restructure the financial affairs…
Looks yummy, taste good.We couldn’t remember how many dumplings have we eaten here! Restaurant chain Din Tai Fung has confirmed one of its stores has entered into voluntary administration as one of the latest victims of the COVID-19 pandemic-triggered retail apocalypse. Chifley Advisory Australia has been appointed as the administrators of the chain’s sydney Central…
A weekend in sydney has never been complete without wandering through the beautiful Carriageworks Farmers Market, basket in arm, and marvelling at the freshest fruit, vegetables, bread, honey and flowers. But the popular Sydney institution, where chefs frequently go to buy their produce, has run into trouble, with the board of Carriageworks announcing the appointment…
Building giant St Hilliers has gone into voluntary administration in yet another blow to Australia’s beleaguered construction industry. Glenn Livingstone and Alan Walker of WLP Restructuring were yesterday appointed as administrators for seven entities within the group’s construction division St Hilliers Contracting. Property development and investment arm St Hilliers Property is not affected. READ MORE:…
Sanjeev Gupta’s Tahmoor Coal mine has been placed into voluntary administration just hours before a court hearing which could have forced the mine’s owner into liquidation over unpaid insurance premiums. About 500 workers have been without work since the mine south-west of sydney closed last February after it was caught up in the financial turmoil…
The parent companies behind a major Australian gym chain have quietly collapsed into administration after becoming embroiled in a messy $5 million court case with several disgruntled franchisee owners. UFC Gym Australia, which at its peak had more than 10 fitness centres in sydney, melbourne, perth and the gold coast, is a mixed martial arts…