The move follows the liquidation of four entities associated with the business. Credit: vincentq/Flickr(Creative Commons). Australian luxury fashion retailer Harrolds has entered liquidation after nearly four decades in the industry, owing millions to creditors. This follows the liquidation of four entities associated with the company: Harrolds Logistics, JTP sydney, Harrolds Femme, and Nelson River International…
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Red Lea Chickens was placed into voluntary administration last week sydney chicken supplier said it has ‘no alternative’ but to wind down operations The supplier’s plant in Blacktown, in Sydney’s west, has operated since 1957 Workers learned their fate at a meeting held by administrators on Tuesday By AUSTRALIAN ASSOCIATED PRESS Published: 22:07 AEDT, 3 April 2018…
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Rex Airlines has entered into voluntary administration as of 30th July 2024, with all flights cancelled between major airports. The Rex Group’s entire domestic fleet of nine Boeing 737-800 jets are now grounded until further notice, but the airline stresses that all regional flights are still operating as scheduled. Ernst & Young has been appointed…
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Budget airline Bonza has entered voluntary administration, little more than a year after its planes took off from Australian runways. The documentation was filed to The Australian Securities and Investments Commission on Tuesday. WATCH THE VIDEO ABOVE: Budget airline Bonza officially enters voluntary administration. Know the news with the 7NEWS app: Download today It came…
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Hundreds of staff at an Australian restaurant chain have lost their jobs after its parent company fell into voluntary administration. The Botswana Butchery franchise, located in sydney, melbourne and Canberra, has ceased trading this week due to “significant cash losses”. The venues offer up-market dishes, including caviar, freshly shucked oysters, and a gold leaf-covered 1.6kg…
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(PHOTO:Tennis Australia/Fiona Hamilton)Australian low-cost carrier Bonza entered voluntary administration on Tuesday, after cancelling all of its flights. Reports in Australia say the move came after repossession of its entire fleet that caught its CEO by surprise.Passengers were left stranded at a handful of airports when Bonza “temporarily suspended” all services due to be operated on…
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Australia’s toll of failed construction industry businesses will climb further, data company CreditorWatch warned on Wednesday after a high-end home renovations business went into liquidation leaving 95 customers stranded, some without insurance policies the director was required to arrange before accepting money. Ultimate Kitchens & Bathrooms went into liquidation owing unsecured creditors more than $4.6…
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IT’S a sad day for workers at Australia’s oldest chocolate maker, Victoria’s acting premier says, after Hillier’s was placed into voluntary administration. The company, founded in 1914 and which relocated from sydney to melbourne, will continue to trade and should be sold as a going concern. “This is a very sad day for Ernest Hillier,…
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Celebrity chef George Calombaris’ restaurant empire is facing voluntary administration after it emerged last year staff were backpaid $7.8 million in wages and superannuation in 2017. Calombaris’ Made Establishment group, which employs about 500 staff at its 18 restaurants, will reportedly make a decision on whether or not it will go into administration after a…
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A West Australian agricultural lobby group says it has been “let down by a very trusted employee”, as WA police begin investigations into financial misconduct at the Pastoralists and Graziers Association (PGA). “It’s been a pretty interesting experience,” PGA president Tony Seabrook said. “We found ourselves in a very embarrassing situation of having far too…
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