It was announced in early April that Black Hops Brewing was forced to enter voluntary administration, with Deloitte Turnaround & Restructuring partners facilitating a financial restructuring of the business. One month later, the gold coast brewery took to social media to announce it had been saved from administration after a consortium of previous investors and…
melbourne-based brewer Broo has placed Mildura Brewery and Mildura Brewery Pub into voluntary administration. Con Kokkinos and Matthew Jess from Worrells have been appointed voluntary administrators. “The Worrells’ teams are now investigating the Companies’ financial position and considering the options for the businesses going forward,” Worrells said in a statement. “The management team of Broo Ltd…
Australian Motorcycle Industry News Peter Stevens Motorcycles The retail arm of Peter Stevens Motorcycles, encompassing the Peter Stevens dealership network and Harley Heaven operations, has today entered voluntary administration. This retail division was formally separated from Peter Stevens Importers in January 2023, when Jessica Chiodo-Reidy, daughter of Vince Chiodo, assumed full ownership and operational control…
Luxury perth aged care facility Berrington Care Group, has gone into voluntary administration. 170 residents of the Como and Subiaco facilities are understood to be affected, although the group CEO says none will be forced out at this stage. KPMG has been appointed voluntary administrator and families are being urged to lodge their details with…
Hawkers Beer has successfully emerged from voluntary administration under existing management after it started the process on 12 February. The outcome was decided today after creditors unanimously signed the DOCA developed by DBA Reconstruction & Advisory in conjunction with Hawkers’ directors. The DOCA specified how Hawkers will financially restructure in order to remain profitable and…
HOOTERS Australia has once again been placed in voluntary administration, less than two years after its new owner vowed to breathe fresh life into the controversial “breastaurant” chain. It’s the latest blow for the American sports bar, infamous for its scantily clad waitresses dubbed “Hooters girls”, which has struggled to gain acceptance in the Australian…
Fashion retailer Topshop/Topman has been placed into voluntary administration due to rising debt levels, putting hundreds of jobs at risk. Ferrier Hodgson have been appointed voluntary administrators of the retailer which employs 760 people and has annual sales of approximately $90 million. It remains unclear what will happen to the perth store which opened in…
Normal text sizeLarger text sizeVery large text size It was getting close to 8pm on Thursday, April 16, when Paul Scurrah finally accepted the airline he leads was unlikely to avoid financial collapse. The Virgin Australia chief executive was attending a virtual meeting inside the makeshift office in his brisbane home when bad news filtered…
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…
Hundreds of jobs are under a cloud after Aussie-owned accessories retailer Colette by Colette Hayman collapsed into voluntary administration. There are 15 Colette stores in WA, including Joondalup, Innaloo, Morley, Booragoon, Watertown, Midland, Belmont, perth’s city centre, Carousel and Mandurah. The business will continue to trade while administrators Deloitte Restructuring Services seek either a recapitalisation…