Translated by Nazia BIBI KEENOO Published February 27, 2025 Intersport Spain has filed for voluntary administration in a Barcelona commercial court, aiming to sustain operations and secure its future, the company announced in a statement. The sporting goods retailer previously raised €8 million in a capital increase last October. Intersport’s store at Oasiz Madrid. –…
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Women’s fashion retailer, Meredith & Moore has been placed in voluntary administration but continues to trade. The melbourne-based apparel company, which operates an online store, 16 retail stores and three outlet stores across Australia and New Zealand, has collapsed into voluntary administration and according to the PBB Advisory website, Daniel Walley, Alan Walker and Nicholas…
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The Australian master franchisee for multinational discount retailer Miniso has collapsed into voluntary administration after the COVID-19 pandemic saw sales tank in recent weeks. Miniso Master Franchisee Pty Ltd, the main revenue generating entity associated with Miniso’s business in Australia, appointed administrators from Grant Thornton earlier this week, owing an estimated $14.6 million to creditors.…
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Hundreds of staff have learned that they are now unemployed after receiving a brutal text message about their termination. On Tuesday, 400 workers at a Western Australian company called Advanced Traffic Management (WA) Pty Ltd, which provides workers and equipment for major road work projects, got a text informing them the business was in liquidation.…
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The company behind famous retail brands Australian Geographic and the Co-op bookshop has entered voluntary administration owing more than $15 million to toy sellers and publishers. The administrators, PwC’s Phil Carter, Andrew Scott and Daniel Walley, confirmed they were investigating payments made to a major supplier, controlled by Co-op chief executive Thorsten Wichtendahl, which received…
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Some excellent news for your Golden Goose collection comes today with an announcement from Tuchuzy, one of sydney’s longest running and most iconic fashion retailers. A spokesperson for the company has stated that the Bondi institute has “regained control” and has come out of voluntary administration thanks to the “support and willingness to shop local…
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A melbourne-based manufacturer of antipasto food products is for sale, after the business collapsed into voluntary administration on Wednesday. Pronto e Fresco Pty Ltd has been operating for more than 15 years and is based in the Melbourne suburb of Broadmeadows. The business supplies antipasto products such as semi-dried tomatoes, olives and grilled vegetables to…
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A melbourne-based retail chain that helped launch fashion labels including Sass & Bide, Gorman and Alpha60 has collapsed into voluntary administration for the second time. FAT Stores operates five outlets in the Melbourne, selling a variety of local and international clothing labels. A sixth outlet in the Highpoint Shopping Centre in Melbourne’s west closed today.…
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Award-winning pastry chef Pierrick Boyer has been forced to place his recently opened melbourne cafe into voluntary administration, blaming adjacent construction work for the downfall of his business. Boyer was named pastry chef of the year by Gault & Millau Australia last year, but since then his fortunes have taken a turn for the worse.…
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Premium chocolate brand Koko Black will emerge out of voluntary administration with a new owner, after the founder of the Grill’d burger chain, Simon Crowe, bought the brand. Administrators Deloitte confirmed to SmartCompany this morning Koko Black has been bought out of administration by a company owned by Crowe. A spokesperson for Deloitte said…
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