The ACCC has fired a warning shot to Qantas and Virgin, saying it has a close eye on prices after Bonza’s collapse and Rex’s uncertain future. When Rex started flying between the capital cities in 2021, prices on those routes dropped 25 per cent. The consumer watchdog has reaffirmed its close watch on Qantas and…
Details
Bill Ferg, owner of melbourne’s renowned Lobster Cave, has managed to avert the appointment of a liquidator for his restaurant, despite disclosing that his debts have surged to as much as $17 million. Vasilios Fergadiotis, widely known as Bill Ferg, has been embroiled in legal proceedings for months following a lawsuit filed by Humm Group,…
DetailsBy ZAK WHEELER FOR DAILY MAIL AUSTRALIA Published: 01:28 AEDT, 5 September 2024 | Updated: 01:30 AEDT, 5 September 2024 A major restaurant group has immediately shut down six venues after becoming the latest hospitality operator to collapse. City Winery
Details
A string of construction companies linked together have collapsed, months after the building regulator forced one of the businesses to stop work over safety concerns. On Tuesday, four building and development companies from NSW went into liquidation – Adroit Constructions Pty Ltd, Maximus Builders Pty Ltd, Maxim Builders Pty Ltd and Maxus Builders Pty Ltd.…
Details
Joanne Miller was three weeks away from completing her diploma in community services when the training organisation she was enrolled with went into liquidation. Key points: Inspire Education has roughly 13,000 students nationwide and 40 staff Staff have had redundancies and entitlements paid Creditors are primarily online marketing and advertising businesses owed about $1.2m “I just feel…
Details
The well-established English language and VET provider, which has been operating since 1997, has been placed into voluntary administration by a creditor. An update on its future is anticipated later this week. “Throughout 2024, IH sydney Training Services has been in various discussions to bring an investor or acquirer into the company,” said Tim Eckenfels,…
Details
brisbane‘s first inner-city winery, the Newstead, then also setting up shop in Hawthorne and Source link
A Queensland builder with offices across Australia and overseas has become the latest casualty in the struggling construction sector after it collapsed earlier this week. On Monday, Brisbane-based builder Lanskey Constructions QLD Pty Ltd went into liquidation. The firm had head quarters in Brisbane, Sydney, Melbourne, Perth and even Auckland. Only the Queensland branch has…
Details
The Australian construction industry faces another setback as Bensons Property Group enters voluntary administration. The melbourne-based developer, with a portfolio of high-profile projects, cited rising construction costs and increased interest rates as primary challenges. Figure 1: A photo of the Liberty 1 building in Footscray shows diggers at the Liberty 2 site. With Bensons Property…
Details