Mobile retailer Allphones collapses into voluntary administration, 69 jobs to go – SmartCompany.com.au

Liquidation

Sixty-nine employees have been made redundant after independent mobile phone retailer Allphones collapsed into voluntary administration on Monday. Phil Carter, Daniel Walley and Mark Robinson of PPB Advisory have been appointed as voluntary administrators of the nine entities that comprise the Allphones Group. The business has 84 stores and approximately 440 staff across Australia. Twenty-five…

The travails of restructuring – Times of Malta

Restructuring

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.…

Border builder in administration will be wound up after creditors reject a deed of company arrangement for the firm … – The Border Mail

Liquidation

DEBT 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…

Independent Aussie phone retailer Allphones goes into administration – NEWS.com.au

Liquidation

Australias 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,…

Allphones has gone into administration – Business Insider Australia

Liquidation

Mobile 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…