Australias PAS Group, which owns high-street clothing brands Review, Black Pepper and Yarra Trail, recently entered voluntary administration. The company employs 1,300 people and operates 225 shops in Australia and New Zealand. The decision by the group, which has struggled for years, follows a recent announcement that it was looking at restructuring options. The PAS…
A LAND development company headed by Toowoomba businessman Mark Peart that was to undertake a multimillion-dollar project north of Toowoomba has been tipped into liquidation. Homestead Highfields was placed in voluntary administration by Mr Peart on April 21. At a second meeting of creditors on Tuesday, creditors knocked back a proposal from company directors Mr…
A LAND development company headed by Toowoomba businessman Mark Peart that was to undertake a multimillion-dollar project north of Toowoomba has been tipped into liquidation. Homestead Highfields was placed in voluntary administration by Mr Peart on April 21. At a second meeting of creditors on Tuesday, creditors knocked back a proposal from company directors Mr…
Joint administrators for NMC Health, the holding company of the UAE-based healthcare provider NMC Group, have said the company will probably be dissolved or put into liquidation. Administrators from the consulting firm Alvarez & Marsal Europe were appointed in April to oversee the hospital operator, after an application from one of its biggest creditors, Abu…
A LAND development company headed by Toowoomba businessman Mark Peart that was to undertake a multimillion-dollar project north of Toowoomba has been tipped into liquidation. Homestead Highfields was placed in voluntary administration by Mr Peart on April 21. At a second meeting of creditors on Tuesday, creditors knocked back a proposal from company directors Mr…
Credit: Dreamstime Sydney-based Private Data Clouds has gone into voluntary liquidation with more than $140,000 owed to creditors. According to liquidation documents, the companys unsecured creditors include Telstra, 5G Networks and Digital Pacific, who are all owed an unspecified amount. Private Data Clouds is also embroiled in a legal dispute with its largest debtor, company…
Australias bleak retail climate has claimed another scalp with the owner of high-street clothing brands Review, Black Pepper and Yarra Trail sinking in to administration. PAS Group, which employs 1300 people and operates 225 shops in Australia and New Zealand announced on Friday it had entered voluntary administration. The ASX-listed group owns a portfolio of…
A LAND development company headed by Toowoomba businessman Mark Peart that was to undertake a multimillion-dollar project north of Toowoomba has been tipped into liquidation. Homestead Highfields was placed in voluntary administration by Mr Peart on April 21. At a second meeting of creditors on Tuesday, creditors knocked back a proposal from company directors Mr…
The owner of Review, Jets and other apparel brands, PAS Group, has entered voluntary administration, despite the board believing the company is solvent. The move is a last-ditch effort to restructure the company in a way that will enable it to operate sustainably into the future. In a release sent to the ASX on Friday,…
A LAND development company headed by Toowoomba businessman Mark Peart that was to undertake a multimillion-dollar project north of Toowoomba has been tipped into liquidation. Homestead Highfields was placed in voluntary administration by Mr Peart on April 21. At a second meeting of creditors on Tuesday, creditors knocked back a proposal from company directors Mr…