An outback car rental company based on the gold coast has gone into liquidation, owing tourists hundreds of thousands of dollars in bond money and raising questions about a Federal Court case aimed at recovering funds. Key points: Australian 4WD Hire’s previous owner Smart Corporation sold the firm in December Days later, Smart Corp went…
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A Set small text size A Set the default text size A Set large text size Rugby Australia says they will make “responsible decisions for a sustainable and successful future”, as the governing body stepped in to help operate the melbourne Rebels alongside administrator PwC. After weeks of reports surrounding the future of the Rebels,…
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The parent company of Jeanswest has entered voluntary administration, making it the latest retailer to collapse in a brutal environment for Australian fashion brands. Harbour Guidance Pty Ltd, the corporate entity behind the Jeanswest brand, on Wednesday appointed Lindsay Bainbridge, Andrew Yeo, and David Vasudevan of Pitcher Partners melbourne as joint administrators. The administration will…
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By Laura Box, Hospitality magazine The Fox Friday Group has entered voluntary administration after its primary lender collapsed. The hospitality group has struggled to find a new lender or equity partner in time to avoid voluntary administration. Fox Friday has been a rising star in Australia’s craft beer scene since 2019 and is known for…
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Australian swimwear brand Tigerlily has fallen into voluntary administration for the second time. Tigerlily was founded nearly 25 years ago in sydney. The boho inspired swimwear company fell into voluntary administration for the first time in 2021 following the fallout from the Covid 19 pandemic. It was rescued just months later, by fellow Australian company…
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Tech company Unlockd is entering voluntary administration in the middle of a heated legal stoush with Google, months after speculation the company was heading for a debut on the Australian Stock Exchange. Unlockd, whose app allows consumers to get discounts on their telecommunications services by watching advertisements when they unlock their phone screen, has slammed…
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“The creditor as a result put the business into voluntary administration,” it said. “However, it’s business as usual in all three venues.” Administrator Simon Nelson, from melbourne accounting firm Romanis Cant, said he would oversee operations at all three music venues while a buyer was sought. He said he expected the situation to be resolved…
DetailsKilburn-based Railroad Transport has been placed in voluntary liquidation with more than 100 staff around Australia made redundant. Liquidator Tarquin Koch said the amount owed to them would be “north of $2.1 million”, but employee entitlements are covered under the federal Fair Entitlements Guarantee Scheme. Although the company made slight losses on annual revenues of…
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When Fox Friday opened not two new Australian venues last year, it felt like maybe the Tasmanian-born brewery was weathering the strong economic headwinds facing the independent brewing industry. It wasn’t the case. On Thursday, Benn and Sarah Hooper announced they were appointing McGrath Nicol to take control of Fox Friday’s portfolio of five hospitality…
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Budget airline Bonza has entered voluntary administration after it left hundreds of travellers stranded at major airports across the country. On Tuesday morning, Bonza passengers departing the Sunshine Coast, gold coast, melbourne and Avalon arrived to find their flights cancelled. Bonza CEO Tim Jordan said the move was “temporary” and discussions were “underway regarding the…
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