Natuzzi Announces Full Year Results for 2016; Company Restructuring is Progressing; Margin Improvement Continues – Business Wire (press release)

Liquidation

SANTERAMO IN COLLE, Bari, Italy–(BUSINESS WIRE)–The Board of Directors of Natuzzi S.p.A. (NYSE:NTZ) has approved the Full Year 2016 consolidated results. Consolidated net sales in 2016 were 457.2 million, down 6.4% from 488.5 million in 2015. Under constant exchange rates, net sales would have declined by 4.9%. Natuzzis core business (sofas, beds and furnishings) reached…

Republica Education enters liquidation as chief executive says there’s “more pain to come” in training sector – SmartCompany.com.au

Liquidation

The chief executive of training organisation Republica Education says Australia needs to rethink how private colleges, TAFEs and universities deliver higher education after government policy contributed to Republica entering liquidation this week. The companys chief executive Ryan Trainor told SmartCompany the liquidation of Republica Education Pty Ltd, which until recently had five specialist training schools in the area of…

PricewaterhouseCoopers accused of misleading Vocation investors – The Sydney Morning Herald

Liquidation

One of Australia’s largest accountancy firms, PricewaterhouseCoopers, has been accused of misleading or deceptive conduct over its audits of failed training college owner Vocation Limited. PwC was last week named as a defendant in the class action brought against Vocation. Play Video Don’t Play Dear ScoMo, it’s a matter of trust. Play Video Don’t Play…

Home owners stuck with incomplete and ‘faulty’ homes after Watersun Homes collapse – The Sydney Morning Herald

Liquidation

Home owners caught up in the Watersun Homes collapse say they have been left with homes so faulty or incomplete that other builders have refused to work on them. Despite administrators finding construction companies to finish around 200 of the affected properties across Victoria, about 100 homes remain languishing with no one willing to take…