Melbourne chocolate company Ernest Hillier goes into administration after more than 100 years of business

melbourne chocolate business Ernest Hillier has been placed in administration after more than 100 years of making confectionery. The company was established in sydney‘s Pitt Street in 1914 and is believed to have been Australia’s first chocolate maker. The company survived the Great Depression, which saw chocolate sales plummet, and relocated to Melbourne where it…

George Calombaris’ multi million-dollar family home in Toorak up for sale as restaurant empire faces voluntary administration

Celebrity chef George Calombaris’ family property in melbourne’s affluent Toorak has been listed for sale, as his restaurant empire is facing voluntary administration. Calombaris’ Made Establishment group, which employs about 500 staff at its 18 restaurants, is expected to make a decision on whether or not it will go into voluntary administration after a meeting…

Celebrity chef George Calombaris’ Made Establishment restaurant empire put into voluntary administration

Celebrity chef George Calombaris has put much of his restaurant empire into voluntary administration. Advisory and investment firm KordaMentha has been appointed as administrators of 22 companies in the Made Establishment Group. Calombaris’ Made Establishment group, which KordaMentha says operates 12 restaurants and food venues in melbourne, is going into voluntary administration after a meeting…

Home builder Porter Davis collapses affecting 1,700 homes, LLoyd Group enters voluntary administration

Victorian-based home builder Porter Davis is going into liquidation, while a second construction firm has entered voluntary administration.  Key points: Porter Davis’ liquidators are looking for builders to take over customer contracts Dozens of public building projects are at risk in New South Wales and Victoria  More than 600 employees across both companies have been…

Insolvency crisis continues, as embattled Sydney construction company collapses under weight of unpaid debts and building defect claims

Beleaguered sydney home builder J+CG: Building & Construction Company has entered administration, owing tens of millions to both creditors and customers due to alleged building defects. The family-owned company began operations in 1994, and constructed multi-storey apartment buildings, office complexes and commercial and retail spaces. The home builder was put into administration in May amid…

Bonza-like prices to tourist hotspot

Virgin has nestled into the gap left by Bonza going bust with a heap of deals into the gold coast. A sale announced on Monday only applies to Tuesday, Wednesday and Thursday flights to/from sydney, melbourne, Adelaide and Canberra but for dates between June and December. With no checked baggage included, fares start at $69…