Creditors divided as StrongRoom sale D-day arrives

The fate of allegedly fraudulent Melbourne pharmacy software start-up StrongRoom AI will be decided in a high-stakes creditors’ meeting on Thursday with administrators opposing the sale of the business to an early investor, after uncovering irregularities in the company’s books. Administrators, HLB Mann Judd, favour a liquidation and asset sale to Brisbane-based pharmacy entrepreneur Joe…

Toys R Us Australia Collapses Again After Five Years

Toys R Us has entered voluntary administration in Australia for the second time in five years. The ASX-listed company made the announcement in a formal statement lodged with the Australian Securities Exchange. The company confirmed it has appointed administrators to restructure its operations. The administrators, Luke Andrews and Duncan Clubb from BDO Business Restructuring, have…