FROM big homes to the big house, Gold Coast business leaders and entrepreneurs aren’t always the success stories they first appear to be. Here are some of our top millionaires and moguls who have been undone by crime. Michael Issakidis. MICHAEL ISSAKIDIS A Glitter Strip developer and medical tech company who moved to the Coast…
The Aussie retail group responsible for brands such as Review, Black Pepper, Yarra Trail and Marco Polo has been saved from administration after a rival investment firm bought the group as a whole. Overnight the administrators of the PAS Group, who entered voluntary administration in late May, announced that the business would be bought by…
Former Kids Company chief executive Camila Batmanghelidjh is at the start of a nine-week trial in the high court that could see her disqualified as a company director, along with nine former directors from the charity that include BBC veteran Alan Yentob. Batmanghelidjh is threatened with a six-year order, and Yentob with four years. The…
Debbie Jamieson/Stuff Gary Dent, in the foreground here, is one of the directors and shareholders in three Rilean Construction companies that have been placed in liquidation. He is pictured here in 2015 at an opening celebration for the shops in The Landing shopping centre at Remarkables Park, Frankton, near Queenstown. Well-known Queenstown construction group Rilean…
The UK pensions regulator is to warn trustees of thousands of company final salary-style pension plans to be more alert for signs of employer distress as it fears scheme members risk getting a raw deal from any hastily arranged business rescue. The action comes as government and regulatory bodies become increasingly concerned that the winding…
[embedded content] By Sumeet Chatterjee, Lawrence White HONG KONG/LONDON (Reuters) – HSBC Holdings PLC on Tuesday signaled it would embark on a pandemic-induced overhaul of its business model, seeking to flip its main source of income from interest rate to fee-based businesses. Reporting a 35% tumble in quarterly profit, Europes largest bank also accelerated plans…
While successful company owners will never want to think about dissolving their business, sometimes winding up can be the only option available. Winding up and liquidation essentially refer to the same thing closing a company, making sure all of its affairs are dealt with legally, and removing it from the companies register with Companies House.…
Westfield shopping centre in Doncaster, Victoria. Source: AAP. Art supplies retailer Riot Art & Craft has closed its 56 stores, after being placed in liquidation last week. Employees were given little notice about the closures, receiving text messages last Monday informing them they were not required to attend work the following day, according to nine.com.au.…
Fashion house PAS Group will likely be acquired by private equity firm Queens Lane Capital by way of a deed of company arrangement. The deal will need to be voted through by the business shareholders, and will see brands such as Review, Black Pepper, Yarra Trial, Marco Polo and Breakaway continue. We are proud to…
Education has become a major issue in the 2020 presidential election, driven in part by the growing burden of student loan debt. About 42 million Americans currently owe money on student loans, according to the Brookings Institution, which estimates the total debt load at about $1.5 trillion. That makes it second only to mortgage debt,…