More than 150 jobs have been cut at embattled bookseller Booktopia as the company stops taking customer orders. The major Australian online book retailer entered voluntary administration last week, with customers complaining of being left in the dark about pending orders. An urgent assessment of Booktopia is being undertaken by administrators from McGrathNicol, who are…
Only 18 staff members remain at recently collapsed retailer Booktopia as 165 of their colleagues were sacked from the beleaguered company. The virtual bookseller announced last Wednesday it had entered voluntary administration after a major slump in share value, less than four years after it went public on the ASX. The major Australian retailer…
Only 18 staff members remain at recently collapsed retailer Booktopia as 165 of their colleagues were sacked from the beleaguered company. The virtual bookseller announced last Wednesday it had entered voluntary administration after a major slump in share value, less than four years after it went public on the ASX. The major Australian retailer…
Only 18 staff members remain at recently collapsed retailer Booktopia as 165 of their colleagues were sacked from the beleaguered company. The virtual bookseller announced last Wednesday it had entered voluntary administration after a major slump in share value, less than four years after it went public on the ASX. The major Australian retailer…
By Daily Mail Australia Reporter Published: 11:03 AEST, 3 July 2024 | Updated: 12:48 AEST, 3 July 2024 Booktopia has been placed into voluntary administration. The grim news for Australia’s largest online bookseller comes just weeks after it announced 50 jobs needed… Read the full article at: https://www.dailymail.co.uk/news/article-13594565/Booktopia-plunges-voluntary-administration.html
The French system for dealing with companies in difficulty comprises two categories of procedure: Amicable procedures (namely, mandat ad hoc and conciliation), which aim to reach an agreement with the main creditors through confidential negotiations under the aegis of a third party appointed by the president of the court; and Collective legal proceedings (namely, safeguard,…
Guangzhou R&F Properties is the latest Chinese property developer facing a liquidation suit filed by creditors. The cash-strapped R&F said on Tuesday its unit Trillion Glory had received a winding-up petition from a Singapore-based private equity fund due to non-repayment of a loan. The petition was filed on Monday at a Hong Kong Court by…
In early 2024, Switzerland’s GDP continued a moderate growth, mostly due to the service economy. Most conjunctural indicators have stabilised in recent months. The Swiss federal government’s Expert Group on Economic Forecasts therefore expects, in its latest forecast, growth for the Swiss economy in 2024 to be similar to 2023; i.e., a GDP growth rate…
Several other UK high street brands have also gone into administration recently, including Debenhams and Topshop, due to higher interest rates, the cost of living crisis and increasing inflation seen in the UK over the last several months. ADVERTISEMENT The Body Shops French subsidiary could potentially face closure, with the company already in receivership and…
Australia will see a raft of reforms to the national bankruptcy system introduced so that debtors involved in personal insolvency matters receive fairer outcomes. On Monday, Attorney-General (A-G) Mark Dreyfus said key changes would lift the stigma associated with filing for bankruptcy. The changes include increasing the timeframe in which a debtor may respond to…