Independent cinema chain Majestic Cinemas, which operates nine sites across northern NSW and south-east Queensland, has entered voluntary administration, citing reduced box office due to the impact of COVID-19 and the US strikes on production and release schedules, as well as rising costs and natural disasters, including floods and fires, in the region. The cinemas…
Iconic Ballarat pizzeria The Forge enters voluntary administration The Courier Read the original article here
Kester Black has quietly emerged from voluntary administration and its founder Anna Ross has departed as a director of the business, with the prominent beauty brand now in the hands of its managing director. Launched in Melbourne in 2014, Kester Black offers vegan and cruelty-free nail polishes, lipsticks and skincare products. The business experienced rapid…
Gambling Addiction in Australia – How Many Australians Have Gambling Problems Nowadays? Tasmanian Times Read the original article here
“I even had to find work as an e-hailing driver as my savings are gone,” he told a press conference organised by the Malaysian Chinese Association’s public services and complaints department head Michael Chong in Kuala Lumpur on Thursday. Wong said that shortly after the debts were paid, his son went to a rehabilitation centre…
Historic German sausage producer Fleischerei Holzapfel declares bankruptcy MSN Read the original article here
Dairy company Synlait is in a desperate fight for survival. Photo: Eiliv Aceron for Unsplash Debt laden dairy company Synlait Milk will raise close to $218 million from its two main shareholders to preserve its future. It revealed details of its desperately needed equity raise after the close of markets on Tuesday night. Synlait’s two…
By Ben Zigterman · August 20, 2024, 4:30 PM EDT A Delaware bankruptcy judge said he would let residential solar technology company SunPower Corp. liquidate its remaining solar panels and other inventory that are not part of the company’s primary bankruptcy… To view the full article, register now. Read the original article here
Australia’s mining sector has been ranked third for business insolvencies, with the average rate of insolvencies across all sectors hitting 38% in May this year. According to financial services provider CreditorWatch’s Business Risk Index, Australian insolvencies — those businesses in a state of financial distress — have reached record highs, with the mining industry suffering…
A Mosgiel-based freight transport business has been put in liquidation, by shareholder resolution, after the loss of a “significant” contract at short notice. Trevor and Emma Laing, of Laing Insolvency Specialists, have been appointed joint liquidators of Clough Transport Ltd, whose sole director and shareholder is Malcolm Clough. In their initial report, the liquidators said…