Franco Bernabé. Photo: Elza Fiúza/Agencia Brasil Most business organisations will face the need for major restructuring at some time as a result of changing competition, new regulation, technological innovation and evolving consumer and social habits. The same applies for political, religious and other organisations. Leading organisations at such critical times is an exercise in solitude.…
DetailsThe Allphones chain of 84 retail stores around Australia have been placed in administration due to insufficient funding to keep stores trading during a sales process. Eighteen of Allphones company-owned branded stores were closed on Monday by the liquidators, PBS Advisory, with 69 employees losing their jobs. The liquidators are reviewing options for the remainder…
DetailsDEBT packed Border firm Magi-Build will be wound-up with creditors rejecting a deal which promised a return of 20 cents in the dollar. Administrator Chris Chamberlain advised creditors to accept a deed of company arrangement which would have involved Magi-Build director Paul Maginnity contributing $300,000 via asset sales. But as part of a 90-minute meeting at Alburys Commercial…
DetailsGambling researchers say more needs to be done to determine the level of harm caused by poker machines, after figures showed punters lost $5.7 billion on New South Wales poker machines last financial year. Figures from the Independent Liquor and Gaming Authority show poker machines in New South Wales pubs and clubs turned over…
DetailsAustralias largest independent phone retailer, Allphones, has reportedly gone into administration. Picture: News Limited AUSTRALIAS largest independent phone retailer, Allphones, has gone into administration, affecting hundreds of staff from more than 80 stores across the country. The ABC reported the write-off came a year after Optus, which also owns the Virgin Mobile brand in Australia,…
DetailsMobile phone retail chain Allphones went into voluntary administration today. Allphones, which opened its first shopfront in South Australia in 1989, is the largest independent telecommunications retailer in Australia with 80 company-owned, licensed and franchised stores and 440 staff. As a first step, 18 company-owned Allphones branded stores will be closed today due to insufficient…
DetailsPrime Minister Nguyn Xuân Phúc issued a directive on Thursday to speed up the restructuring of State-owned enterprises (SOE) during the 2016-20 period. Photo doanhnghiepvn.vn HÀ NI Prime Minister Nguyn Xuân Phúc issued a directive on Thursday to speed up the restructuring of State-owned enterprises (SOE) during the 2016-20 period. The…
DetailsA WOMAN from Dumfries who mounted her own ten-year recovery from debt is spearheading a service aimed at helping others. The creation of the Dumfries CAP Debt Centre late last year came just as manager Tracy Vallance was finally declared debt-free and she approaches her role armed with first-hand experience.Tracy, 50, said: It came about…
DetailsONE-hundred-and-thirty-eight people in the Sunshine Coast and Noosa region have filed for bankruptcy or started personal insolvency activity in the December quarter of 2016. Of those 138, 66 filed for bankruptcy and 59 started a debt agreement and personal insolvency with debtors. A further 13 in the Sunshine Coast hinterland were counted in the total…
DetailsONE-hundred-and-thirty-eight people in the Sunshine Coast and Noosa region have filed for bankruptcy or started personal insolvency activity in the December quarter of 2016. Of those 138, 66 filed for bankruptcy and 59 started a debt agreement and personal insolvency with debtors. A further 13 in the Sunshine Coast hinterland were counted in the total…
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