Australian clothing retailer Cue has fallen into voluntary administration and receivership, spelling an uncertain future for the 58-year-old brand. Company directors on Tuesday appointed Duncan Clubb and Shaun Mckinnon of BDO to serve as voluntary administrators. Related Article Block Placeholder Article ID: 344560 The company’s lenders then tapped Kate Warwick and Vaughan Strawbridge of FTI…
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One of Australia’s best-known fashion businesses has collapsed, with the company behind Cue and Veronika Maine now up for sale. Cue Clothing Co entered voluntary administration on Tuesday, and its lenders also appointed receivers to three companies in the group. One of Australia’s best-known fashion businesses has entered administration, with the company behind Cue and…
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Cue & Co Pty Ltd, the overarching business behind the Cue and Veronika Maine brands, has entered voluntary administration. Kate Warwick and Vaughan Strawbridge of FTI Consulting in Australia have been appointed as Receivers and Managers following the appointment of voluntary administrators. Duncan Clubb and Shaun Mckinnon of BDO were appointed as voluntary administrators by…
The Insolvency and Bankruptcy Board of India (IBBI) has proposed four key amendments to the insolvency resolution framework for personal guarantors to corporate debtors. Insolvency Framework Latest News The Insolvency and Bankruptcy Board of India (IBBI) has proposed four key amendments to the insolvency resolution framework for personal guarantors to corporate debtors. The objective is…
REVEALED: Liquidator appointments for businesses in the Whittlesea council area for September 14 Herald Sun Read the original article here
Embattled Queensland caravan manufacturer Australian Off Road (AOR) has collapsed into administration after days of speculation about the company’s future. The company, based on the Sunshine Coast, suddenly went offline last week when it disconnected phones, pulled its website and locked the factory’s gates. The unexplained closure left suppliers, customers and other stakeholders in the…
Four changes proposed The proposals cover four areas: voting rights of related-party creditors, scrutiny of avoidance transactions during the resolution stage, mandatory valuation of the personal guarantor’s assets, and fuller recording of creditors’ objections and reasons while considering a repayment plan. Under the first proposal, a creditor that is a related party of the guarantor…
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