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…
More than a dozen staff learned at a work Zoom meeting last Tuesday that they no longer had jobs and the business had ceased trading. “Everyone was terminated on the spot. We were told that there was no more,” one employee, Jimmy*, who did not wish to share his real name, told news.com.au. Two days…
Australia’s longest running newspaper for the LGBTI community, the sydney Star Observer, has gone into voluntary administration with the title up for sale. In a post to the newspaper’s website, chairman of the Star Observer, Sebastian Rice, said: “The board saw an unexpected slowdown in our advertising clients paying their bills, which caused us to…
A popular Australian beer company has entered voluntary administration after almost 10 years of business, citing increasing costs and taxes. Hawkers Beer, which is based out of Reservoir in melbourne, announced on Monday it had entered into voluntary administration. Founder Mazen Hajjar cited a range of challenges affecting not just Hawkers but the entire craft…
sydney cultural centre Carriageworks has gone into administration, making it the first major arts company in Sydney to call in administrators following the coronavirus pandemic. In a statement, the Carriageworks board, which is currently without a permanent chairman, said the sudden cancellation of six months of activities had resulted in a serious “loss of income.”…
Wildlife lovers have been asked to dig deep and donate to a beloved marine park forced into voluntary administration, in a last-ditch effort to keep the business alive. Dolphin Marine Conservation Park in Coffs Harbour, one of only two facilities that take in and care for injured dolphins in Australia, has called for “urgent” support…
A fine dining restaurant chain that sold steak for as much as $500 a piece and spanned across three Australian states has gone bust. On Tuesday, hospitality business Good Group Australia, which operated the Botswana Butchery chain and three other Asian restaurants, plunged into administration. Botswana Butchery had high-end steakhouses in sydney, melbourne and Canberra…
On Tuesday Virgin Australia went into external administration after being crushed by a $4.8bn debt mountain and failing to secure a federal government bailout. The decision affects about 10,000 staff and 6,000 contractors who work for the airline, along with 4,000 suppliers and customers who have bought tickets worth more than $1bn but haven’t yet…
The iconic Hampton Bowls and Community Club in southeast melbourne has gone into voluntary administration, as members try to raise $150,000 to save it — and they plan to do so without pokies. Hampton Bowls, which is the largest bowls club in Bayside, made the call to abandon pokie machines and pursue a “sustainable model…
Simon Burrett, former managing director of The Foundry. melbourne: The Foundry Pty Ltd, which previously traded as creative agency The Foundry, has been placed into voluntary administration after the business was acquired by rival independent agency Smart. On 16 June, AdNews reported The Foundry would cease trading under its current name as part of its…