A melbourne confectionery manufacturer that has been operating for 60 years has collapsed into voluntary administration just months after being acquired by international investment firm Re:Capital. Betta Foods is home to liquorice brand Capricorn and also supplies ice cream cones, marshmallows and jelly lollies to major retailers including Coles, Woolworths and ALDI. Bruno Secatore, Daniel…
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“We have no reason to believe this will change in the foreseeable future,” the statement said. “It is taking longer than anticipated to finalise our financial results due to extenuating circumstances related to the once-in-a-generation transition to the new sydney Fish Market. We are finalising the accounts with the appropriate level of due diligence, and…
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The largest fish market in the southern hemisphere has hit back at claims it is close to financial collapse. The sydney Fish Market (SFM), responding to reports it was confronting an $8m loss for 2023-24 and had allegedly brought in insolvency experts, stated bluntly it remained a viable business. “Sydney Fish Market refutes claims that…
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South-west sydney sign maker Inline National Signage, which was the scene of a deadly siege that killed one customer and injured two more, was declared insolvent last year with an alleged list of unpaid creditors. ProPrint understands Inline went into liquidation in early 2014 and was then bought out by current owner Chantelle Strnad. A…
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Rich Lister Tony Denny says demands that his business pay “eight-figure sums” to fix “unsubstantiated defects” in an apartment building on the NSW Central Coast were the reasons behind the decision to put two companies associated with the project into liquidation. Central Construct, the building company that completed Vue – a development of 54 apartments,…
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The companies behind two Oporto locations in
Above: Starleaton CEO Ben Eaton After yesterday’s open letter to the industry, Starleaton has provided further background on its business’ past, present, and future on the company’s website. “After navigating a challenging 2023, Starleaton, a leading wide-format provider, has successfully avoided liquidation, marking a pivotal moment with the implementation of a DOCA (deed of company…
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sydney-based large format printer, Blow Up Imaging, has lived up to its name and imploded with the collapsed company now in the hands of administrators. Blow Up Imaging was established in 1993 and is owned by Tricol Pty Ltd (incorporated in 1976) and forms part of the WK Family Investments Group. Tricol Pty Ltd is now…
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Beleaguered casino group Star Entertainment has barely enough cash to last until Friday and could be under administration as early as Wednesday. Insiders, who spoke on condition of anonymity, have told the ABC that Star’s directors have become increasingly nervous about keeping the ailing gaming group afloat in the absence of any debt refinancing or…
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A major restaurant chain boasting multiple locations across Brisbane has crumbled. City Winery Brisbane Pty Ltd is the latest restaurant chain to enter voluntary liquidation, with six locations — under the banners City Winery and Ardo’s — across the city set to close their doors. “I am heartbroken at having to make the incredibly difficult…
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