Parent company of Australian clothing brands Rivers, Millers and Katies enters voluntary administration | Business

Liquidation

Mosaic Brands, the parent company behind Australian clothing brands Rivers, Millers and Katies, has entered voluntary administration. The ASX-listed company which operates more than 700 stores and employs about 3,000 staff released a statement on Monday confirming its board’s decision. “Following recent attempts by the company to informally restructure its operations … voluntary administration is…

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Liquidation

Access Denied You don’t have permission to access “http://www.business-standard.com/companies/news/rec-looks-to-sell-rs-2-848-cr-bad-loans-in-corporate-power-with-98-haircut-125010700987_1.html” on this server. Reference #18.15b42e17.1736302012.3e59531 https://errors.edgesuite.net/18.15b42e17.1736302012.3e59531 Read the original article here

More than $300k of Baby City gift cards and loyalty points worthless after company goes into liquidation

Liquidation

Baby City is under new ownership, except it’s actually the same owner. Photo / Richard Robinson According to the liquidator’s first report, Gower had been providing financial assistance through a related entity to keep the business running. “We have been advised that the current economic retail climate, together with falling birth rates post Covid-19, led…

KAIJU! Beer Enter Voluntary Administration

Liquidation

KAIJU! Beer have become the latest brewery to enter voluntary administration, with the Melbourne indie brewers appointing DBA Reconstruction and Advisory to financially restructure the overarching business, South East Brewing Company. Cofounder Callum Reeves told The Crafty Pint the decision was made due to the level of debt they have been carrying, including an excise bill owed to…