Toys’R’Us ANZ Enters Voluntary Administration

Toys’R’Us ANZ Limited (ASX: TOY) has appointed Luke Andrews and Duncan Clubb of BDO Business Restructuring Pty Ltd as Voluntary Administrators, effective immediately. This decision comes after the company concluded that it could no longer pursue a solvent recapitalization plan, despite previous efforts and stakeholder support. The Board determined that the company is either insolvent…

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…