Ecommerce company Aussie Farmers Direct Goes into Voluntary Administration – Which-50 (blog)

Aussie Farmers Direct has gone into voluntary administration. The food delivery company blamed competition with major supermarkets and the influx of cheap imported produce for its demise. The 13-year-old business will close immediately, affecting about 100 franchisees, 260 employees and 100,000 customers around the country. No future orders will be delivered and refunds will be…

Pure-play online grocer Aussie Farmers Direct has gone into administration – Business Insider Australia

Aussie Farmers Direct has gone into voluntary administration. The online grocer struggled to compete with major supermarkets Woolworths and Coles. 100 franchisees, 260 employees and 100,000 customers will be impacted from the closure. Aussie Farmers Direct, a pure-play online grocer with a home delivery network, has gone into voluntary administration after struggling to compete with…

More companies pick up platforms to help conquer college debt – Employee Benefit News

College graduates are entering the workforce with student loan debt averaging about $35,000. Some are finding a new partner in paying those huge monthly bills: their employer. Large companies such as health insurance giant Aetna Inc., Fidelity Investments and Estée Lauder have announced they are providing money toward student loans as part of their employee…

IDBI Bank may initiate insolvency process against Orissa Slurry Pipeline – Livemint

Orissa Slurry Pipeline is a 253km pipeline that is responsible for transporting about half the raw materials for Essar Steels plant in Odisha. Mumbai: IDBI Bank Ltd is likely to initiate insolvency proceedings against Orissa Slurry Pipeline Infrastructure Ltd, the company that operates the pipeline supplying raw materials to Essar Steel Ltds Odisha plant, according…