DigiDirect founder Shant Kradjian. Source: Supplied The owner and founder of tech retailer digiDirect has purchased book marketplace Booktopia out of administration, but says there are no plans to copy Amazon by combining both businesses under one giant e-commerce brand. On Monday afternoon, insolvency and restructuring practice McGrathNicol announced digiDirect founder and owner Shant Kradjian…
Rex to axe more jobs after going into voluntary administration Mumbrella Read the original article here
Online retailer Booktopia has been bought by electronics retailer digiDirect, after the company went into administration due to severe financial difficulties. First founded in 2004, Booktopia was an Australian-based online book retailer, and competed with Amazon for online book sales. Booktopia entered voluntary administration in July with debts totaling around $60 million. This is after…
Above: Ben Eaton Starleaton administrators are recommending creditors accept a Deed of Company Arrangement put forward by company director Ben Eaton. Eaton has been confirmed as the ‘related party’ identified as offering a Deed of Company Arrangement (DOCA) the day before creditors were likely to vote that the business should enter liquidation. Starleaton administrators issued…
In short: Customers of a GJ Gardner Homes franchise had spent over a year urging the national company to intervene over ongoing workmanship problems and delays. The franchisee has now entered liquidation – but customers say it should have been resolved far sooner. What’s next: It follows the liquidation and bankruptcy of other GJ Gardner franchisees, but the…
By Mike O’Connor | 21 May 2024 Momento Photo Books, the Sydney-based photo book publishing company, is to close after 20 years in business. The company confirmed it had gone into liquidation in a Facebook post last night. “Despite every effort to keep the business alive, economic conditions of the last few years sealed our…
The outlook for creditors hoping to recover their dues from the liquidated Classic Financial Services One seems grim. According to the preliminary findings of the section 402 report, the company faces a significant shortfall, with its liabilities far outweighing its assets. Cobus Geldenhuis, director of Classic, was debarred in 2009 for dishonesty but continued his…
A POPULAR Glasgow restaurant has issued a major update on its future after “liquidation” fears. It was previously unknown whether Sapporo Teppanyaki would remain open after a notice in The Gazette appeared to show that the venue had collapsed. 1 A popular Glasgow restaurant has issued a major update on its futureCredit: Google The Ingram…
Cliftonville Lido The company which owns two parcels of the Cliftonville Lido has moved from administration to creditors’ voluntary liquidation – with a deal underway to buy the Lido sites for £700,00. Company Stour Side Developments bought property including the Lido in 2014. Administrators Duff & Phelps were brought in during July 2017 after concerns…
(Bloomberg) — A mainland Chinese court accepted a liquidation application filed against a China Evergrande Group unit earlier this month, triggering a formal legal process that ratchets up the pressure on the defaulted developer to either restructure or face liquidation in its main base of operations under a worst-case scenario. The Intermediate People’s Court of…