About 15 months after the Ku De Ta restaurant complex opened its doors on perth‘s Swan River, voluntary administrators have been appointed to the struggling venture. The Australian Securities and Investments Commission has confirmed that administrators have been appointed to asses the business’s future. The business is based on the company’s Bali restaurant. Executive chef…
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It’s a sweaty brisbane Monday and Please Don’t Go by KC and the Sunshine Band is playing in the largely empty gaming floor of the Queen’s Wharf Casino. The sappy muzak chorus — “I’m begging you to stay” — is ironically symbolic of the problems befalling the casino’s manager, The Star Entertainment Group. Not enough…
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Contents0.1 Star considering $650 million lifeline1 Casino giant ‘a slow train wreck’2 ‘Growing level of concern and frustration’ for workers3 ‘Plenty of… Shares in struggling casino giant Star Entertainment have plummeted by more than 15 per cent after a brief trading halt was lifted on Friday, as the company searches for a financial lifeline to…
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The Australian fashion label Dion Lee has called in the administrators in a major blow to the eponymous brand that has dressed celebrities such as Taylor Swift, Dua Lipa, the Duchess of Sussex and Troye Sivan. The move came after the Australian retail chain Cue announced it had withdrawn its investment in the designer apparel.…
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Maybe ASIC’s career bureaucrats should get out of the office and talk to a few insolvency specialists who are actually at the coalface. They say the figure is even less than what the ASIC report found. Stirling Horne, a partner at melbourne accountancy Lawler Draper Dillon, says: “For a company to go…
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Developer Beulah International is reassuring buyers of progress at Australia’s tallest residential project, even as it seeks fresh debt and equity to keep the troubled $2.7 billion Sth Bnk development on track. Beulah on Tuesday put the Sth Bnk project management company into voluntary administration. On Wednesday it said it had started contacting purchasers and…
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By BRETT LACKEY FOR DAILY MAIL AUSTRALIA and AAP Published: 15:31 AEDT, 30 April 2024 | Updated: 16:54 AEDT, 30 April 2024 Budget airline Bonza has collapsed into voluntary administration, with its leased planes repossessed and all schedule flights cancelled. Travellers were left stranded in airports across Australia on Tuesday morning as the carrier paused…
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brisbane-based regional carrier Jetgo Australia has grounded its passenger services after entering into voluntary administration on Friday. The airline, with its fleet of five Embraer aircraft, flew regular passenger services to and from Brisbane and melbourne’s Essendon Airport to regional centres in the eastern states. Jetgo Australia went into voluntary administration on Friday.Credit: Robert Peet…
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Western Australian pasta restaurant chain Pastacup has been placed into voluntary administration. Notice was given of the appointment of John Carrello and Mathieu Tribut of BRI Ferrier as administrators yesterday. Pastacup is a well-known brand in Western Australia and has 18 franchised stores across perth and regional Western Australia. The first Pastacup opened in Melville…
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A South Australian civil engineering company involved in construction of perth’s $94.5 million Matagarup Bridge to Optus Stadium has gone into voluntary administration. Administrators Ferrier Hodgson said an urgent assessment of York Civil’s financial position and the status of its contracts was under way. “At this stage the company will continue work on the contracts…
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