It was hailed as an Australian fast food success story, but now the Pie Face Group is in the hands of voluntary administrators. The high costs of company run stores and an aggressive expansion overseas are being cited as reasons for the collapse of the group. While the administrators conduct a review of operations, there…
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Translated by Nicola Mira Published June 10, 2025 Fenice Retail, the retail subsidiary of Fenice Srl, a company in which Italian fashion influencer Chiara Ferragni now holds a 99% stake, posted aggregate losses in 2023-2024 of €1.2 million, and went into liquidation in May, according to the Radiocor agency. Chiara Ferragni Fenice Retail’s liquidation means…
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A melbourne logistics company has collapsed just days before Christmas, reportedly telling its 120 workers it cannot afford to pay them for the past week as it goes into receivership. Key points: Fastline International specialises in online, wholesale and retail warehousing The union says the company wants to re-employ some of the workers on lower…
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By BRETT LACKEY FOR DAILY MAIL AUSTRALIA Published: 13:26 AEST, 28 February 2024 | Updated: 20:43 AEST, 28 February 2024 A Victorian construction company has collapsed placing the fate of a slew of projects up in the air. After a drawn out process, Apex Homes Australia, based in North
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Its 2017 annual report noted a skyrocketing financial outlay since 2013, from $50 million up to more than $70 million. “The move to NDIS funding has obviously dramatically slowed Funding by State and Commonwealth sources,” the report noted. In her statement on Friday, Ms Batten emphasised her support for the NDIS. The Services Union has…
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Hotelier Jerry Schwartz is expanding his hospitality portfolio rounding out his food and beverage tourist destinations with the takeover of Rocks Brewing Co brewery and brewpub in Alexandria, sydney. While craft brewers are struggling in many locations around Australia, Sydney Brewery is on the expansion trail with the takeover of the Rocks Brewing Company and…
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With the Future Music Festival 2014 lineup announced, featuring Deadmau5, Phoenix, and Macklemore & Ryan Lewis topping a massive bill for the event next March, attention has once again turned to the new partnership presenting the annual music festival. The flagship Future Music Festival is being presented in a joint venture with Michael Gudinski’s Frontier Touring, a deal…
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MissChu, the popular Vietnamese tuckshop and catering business, has gone into voluntary administration. In a statement from KordaMentha, the company appointed as administrators, MissChu’s financial pressures appeared to be caused by “the lack of controls over fixed costs in the business, the expansion of the retail tuckshops through trading and the closure of the Opera…
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melbourne chocolate business Ernest Hillier has been placed in administration after more than 100 years of making confectionery. The company was established in sydney‘s Pitt Street in 1914 and is believed to have been Australia’s first chocolate maker. The company survived the Great Depression, which saw chocolate sales plummet, and relocated to Melbourne where it…
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Celebrity chef George Calombaris’ family property in melbourne’s affluent Toorak has been listed for sale, as his restaurant empire is facing voluntary administration. Calombaris’ Made Establishment group, which employs about 500 staff at its 18 restaurants, is expected to make a decision on whether or not it will go into voluntary administration after a meeting…
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