Czech Steelworks Liberty Ostrava Falls Into Bankruptcy

Text size The Czech Republic’s biggest steelworks Liberty Ostrava, part of Indian-British billionaire Sanjeev Gupta’s business empire, was sent into bankruptcy by a court on Friday. Liberty Steel Group, part of Gupta’s GFG Alliance, said earlier this month it had put its operations in the eastern Czech steel hub of Ostrava up for sale, citing…

‘I wasn’t aware of this mess until I was deep into retirement’ – Bradley Wiggins explains financial challenges that led to bankruptcy

Bradley Wiggins has offered the most detailed insight so far into the financial troubles that led to a declaration of bankruptcy, suggesting the issues took hold during his racing career when he admits assuming money “was going to be there forever.” Speaking on WEDŪ’s The Forward w/Lance Armstrong podcast, after being a guest commentator throughout…

Australia’s largest online bookseller Booktopia enters voluntary administration | Business

Booktopia has entered into voluntary administration, but will continue filling orders and selling to the public under supervision from an insolvency adviser. Australia’s largest online bookseller announced the move on Wednesday, two weeks after it went into a voluntary suspension of share trading. Along with Booktopia Group, its associated entities Booktopia, Making I. T. Better,…

Restaurants and bar close as businessman’s companies tumble

Three Noosaville hospitality venues have closed their doors suddenly after several of the owners’ companies cascaded into a mixture of administration and liquidation. JD’s Chicken Co and Apero Noosa, at 203 Gympie Terrace, Noosaville, and Frenchies Brasserie Noosa, at Thomas Street, Noosaville, have all shut. People identifying themselves as employees said on social media that…