Australian entertainment company collapses owing $7.5m, workers left jobless with eight days notice

An entertainment company that toured theatre shows across Australia including Elvis: The Musical Revolution and Cruel Intentions collapsed owing $7.5 million – with one artist now lifting the lid on how unpaid entitlements “burned” the cast and “messed” with their lives. The Australian producer has also been criticised for already launching a new company that…

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Creditors over $500k out of pocket after liquidation

An Otago and Canterbury firewood business which was ordered into liquidation by Dunedin’s High Court has left creditors out of pocket more than $500,000. Needmor Firewood Ltd was placed into liquidation in September 2022 by order of the High Court of Dunedin, on the petition of the Inland Revenue Department (IRD). In their final report,…

New Vatican-backed push for debt cancellation gains steam

The Jubilee Report comes just over a week before the world gathers to discuss financing for development in Sevilla, Spain. By Elissa Miolene // 24 June 2025 Today, the world’s governments are more indebted than ever before — and the international financial system, from multilateral institutions to creditor groups to rating agencies, is only reinforcing…

Le Coq Sportif has declared bankruptcy

Le Coq Sportif, one of the oldest sports brands in France and Europe, has entered bankruptcy proceedings at the Commercial Court of Paris. This unfortunate news was announced some time ago, given the many financial problems of the brand with the Rooster, now 75% controlled by the Airesis group, which acquired the shares in 2005.…