The CEO of a charity that made a $5.2million loss has been slammed for taking three staff on a 12,000km trip to Africa to lecture women on business. gold coast-based charity FSG Australia, a freedom and social justice group, travelled to Zambia, Africa, in September after recording the multi-million dollar deficit. The charity entered voluntary…
Fashion chain Topshop has closed its perth store, less than three years after opening in the Murray Street mall. Pictures taken at the weekend showed the store boarded up, with advertisements for Carillon City. The retailer was placed in voluntary administration in May because of rising debts. The Perth store is one of five across…
Jeanswest’s administrators have confirmed which of its stores will be shuttering after the retailer went under last week. It has been announced 263 employees would be made redundant, and 37 shops would be closed. In NSW, Blacktown, Castle Towers, Charlestown, East Gardens, Kotara, Lismore, Macarthur, Miranda, Shellharbour, Singleton, Tweed City and Wetherill Park stores will…
The Kelly Slater Wave Company has suffered a major setback in its first artificial wave arena project. The investment proposed for the gold coast is suspended by the announcement that LM Investments has been placed into voluntary administration. The fund manager governing $3 billion is under investigation by the Australian Securities and Investments Commission for…
Australia’s third-largest airline has gone into voluntary administration and cancelled flights on some of its routes. Rex Airlines specialises in flying to dozens of smaller regional towns and cities across the country – many of which are not serviced by larger rivals Qantas and Virgin Australia. Trading in Rex shares was halted earlier this week…
Customers of Australian regional carrier JetGo have been told to contact their credit card companies after the airline grounded regular passenger services and entered voluntary administration. The airline announced June 1 it had appointed McLeod and Partners as administrators and that all operations had been “temporarily suspended”. It advised customers to contact their credit card…
Prominent perth hospitality and tourism operator The Prendiville Group has confirmed the purchase of bustling inner-city pub The brisbane Hotel after its previous owner went into voluntary administration. The family-run company added another iconic pub to its portfolio with the purchase of the hip watering hole on the corner of Beaufort and Brisbane streets after prominent…
Rork Projects’ John Paul Janke, front left, and Brian O’Rourke, front right, with staff. The company has been operating for 26 years. Photo: Rork Projects. Another building company with ACT connections has fallen to the conditions plaguing the industry. Rork Projects – Australia’s leading Indigenous construction company specialising in construction management, fit out and refurbishment…
Blockchain technology company, Everledger, has gone into voluntary administration after expected investor funding failed to materialise. Everledger was founded in 2015 by former Queensland chief entrepreneur,
One of Australia’s oldest craft breweries has gone into administration as the horror year for independent beer producers continues. The Grand Ridge Brewing Company, a small beer maker based in the Strzelecki Ranges Victoria’s Gippsland region, called in administrators on March 25, it announced today. The company employs 10 people, and administrators Richard Lawrence and…