The parent company of several fine dining restaurants located in iconic Australian locations has collapsed with $23million of debt and more than 200 jobs at risk. Good Group Australia, the owner of the high-end steak chain Botswana Butchery and several Asian venues, announced last month that it had entered voluntary administration. The famous Botswana Butchery…
Adriano Zumbo’s dessert company Zumbo has been placed in voluntary administration according to a report by Good Food. A creditors meeting was reportedly held by administrators on Wednesday morning in sydney which was attended by landlords and trade creditors. According to Good Food, attendees were allegedly told debts could reach as high as $10 million…
A gold coast company that offered “heavily discounted” travel packages to its members has collapsed into voluntary administration and ceased trading. More than 15,000 members of Australian Escapes could be affected by the business’s collapse, including some who are currently travelling overseas, as well as approximately 40 employees, according to the Gold Coast Bulletin. However,…
More than 500 workers in sydney have had their jobs terminated after the collapse of Red Lea Chickens, which has been placed into voluntary administration after 60 years in business. Workers from the Blacktown processing plant and Sydney retail stores were told their jobs no longer existed in an email sent to them over Easter…
Struggling menswear retailer Ed Harry has been placed in voluntary administration with an immediate clearance sale of merchandise coming into effect as creditors assess the business. On Tuesday, KPMG’s Brendan Richards and Gayle Dickerson were appointed voluntary administrators after a “particularly tough” Christmas sales period for the chain, and mounting pressure from decreased shopping centre…
Australia’s property sector troubles have deepened, putting the future of the country’s tallest residential development in question, after developer Beulah International put the project manager of its high-profile Sth Bank project into voluntary administration. Pitcher Partners’ David Vasudevan and Lindsay Bainbridge were appointed administrators of BSSPV Pty Ltd after architecture firms Cox Architecture and UN…
The demolition of sydney’s Allianz Stadium, originally known as the Sydney Football Stadium, may have claimed its first scalp, with Sydney’s landmark Captain Cook Hotel in Paddington entering voluntary administration. Insolvency firm Jirsch Sutherland has been appointed administrator to the business, saying it is an ideal opportunity for an experienced hotel operator to take on.…
Rugby Australia (RA) has affirmed its commitment to Rugby in Victoria after the melbourne Rebels entered voluntary administration on Monday night. As a result, RA will now work with the appointed administrator to ensure the Melbourne Rebels take the field for the 2024 Super Rugby Pacific and Super Rugby Women’s competitions. As RA works with…
Throwing the travel plans of thousands of passengers into disarray, Bonza has entered voluntary administration. [UPDATED 1 MAY 2024] Documents filed with the Australian Securities & Investments Commission (ASIC) Tuesday show the budget airline has appointed accounting firm Hall Chadwick as an external administrator. Tuesday morning, the airline announced it had cancelled several routes in its network. An…
The board of Redfern-based arts venue, Carriageworks, has announced that Australia’s largest contemporary arts centre will go into voluntary administration. It is the first major arts venue in sydney to declare financial strife and may prove an ominous portent for other major gallery and performance spaces if state and federal governments resist funding a cultural…