REVEALED: Latest business liquidations in Hume – Herald Sun
REVEALED: Latest business liquidations in Hume Herald Sun Read the original article here
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Iconic Australian retailer goes into receivership
Iconic Australian retailer Barbeques Galore has collapsed into receivership, putting hundreds of jobs at risk. The company said in a statement today that cashflow issues have forced it to go into voluntary administration, and receivers have subsequently been appointed. Those receivers – Quentin Olde, Luke Pittorino and Liam Healey of Ankura – are seeking to…
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Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…
Barbeques Galore enters voluntary administration
Barbeques Galore has appointed Grant Thornton as voluntary administrators to take control of the business and its operations, given liquidity issues. The receivers will seek to restructure or sell the business. Barbeques Galore, a retailer and wholesaler of premium barbeques, heating and related lifestyle products, operates 68 company owned stores and 27 franchise stores throughout…
‘All employees are replaceable’: CEO’s remarks go viral as the company files for bankruptcy – People Matters – HR News
‘All employees are replaceable’: CEO’s remarks go viral as the company files for bankruptcy People Matters – HR News Read the original article here
Kallam Textiles Faces Insolvency Threat as Union Bank Files NCLT Plea
Legal Storm Brews: Kallam Textiles Faces Potential Insolvency Proceedings Kallam Textiles Limited has announced a critical legal development that could significantly impact its future. The company has informed the Bombay Stock Exchange (BSE) that it received intimation from the National Company Law Tribunal (NCLT), Amravati Bench, regarding an application filed by Union Bank of India.…
Veteran Sydney builder Novati Constructions collapses into voluntary administration – latest building and construction news
Australia’s property construction sector has lost one of its longest-standing players with the sudden collapse of Novati Constructions Pty Ltd, a Sydney-based builder operating since 1971. Administrators from Worrells were appointed this week after the nearly 50-year-old company was placed into voluntary administration, triggered by financial difficulties that reflect broader pressures on the industry. A…
Veteran Sydney builder Novati Constructions collapses into voluntary administration – Australian Property Investor Magazine
Veteran Sydney builder Novati Constructions collapses into voluntary administration Australian Property Investor Magazine Read the original article here
Barbeques Galore goes bust, 500 jobs at risk
Barbeques Galore has entered voluntary administration. Picture: Supplied Barbeques Galore has gone bust, 500 jobs are up in the air and gift cards for the franchise stores have been slashed to one-third of their value. A voluntary administrator was appointed on Thursday, citing cash holdings as the largest issue for flailing business. Australia’s largest barbecue…