Air Locker Training in the brisbane suburb of Newstead has gone into voluntary liquidation this week. As reported by 7NEWS, it was resolved at a company meeting on 8th November the inner-city altitude training gym would be wound up and liquidators would be appointed. Part of a nationwide franchise which has 26 locations, Air Locker…
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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…
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A luxury fashion brand beloved by Australia’s wealthy and fabulous has gone into liquidation. The Daily Edited, which specialised in engraving people’s initials onto bags, phone cases and other items, was wound up after a meeting of company members on September 30. The glamorous brand goes into liquidation just over a year after co-founder Alyce Tran…
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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…
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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…
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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…
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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…
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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…
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An elderly Queensland couple face losing their home and business after falling victim to the alleged mastermind of a massive tax-evasion scheme, in a case that also raises questions about a prominent firm of liquidators. Key points: Fruit shop owners say representative from A&S Services told them firm would sort out their financial affairs A&S…
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Construction on Investa’s stalled $450 million build-to-rent development in melbourne could resume by June if a new builder can be appointed to replace failed contractor Roberts Co, which went into administration last month, sources close to the fund manager said. The decision by Rich List businessman Andrew Roberts to call administrators into his Victorian company…
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