UK-based mixer company Lixir Drinks entered liquidation last month following “immense challenges” including the pandemic and Brexit. The B Corp-certified brand was founded in 2018 Writing on LinkedIn yesterday (16 August), co-founder and head of commercial Matt Mahatme said: “I never envisaged writing this post, but last month we made the difficult decision to place…
Popular drinks company Billson’s collapses The North West Star Read the original article here
Owner distress as companies plunge into administration Katherine Times Read the original article here
About William Farrington William kickstarted his career as a researcher and reporter for a global legal publication, covering everything from public law to M&A. Before moving to Proactive Investors, he worked as a reporter for a major fintech company with a focus on cryptocurrency and blockchain technology. Harking from Queensland, Australia, William obtained first-class…
Many Australians have been left stranded at airports across the country after budget airline Bonza “temporarily” suspended all flights on Tuesday. The company entered voluntary administration within hours of the cancellations, and the administrators have since confirmed the fleet will remain grounded until Thursday, May 2. Here’s what we know so far. First up, what is…
Cipherise enters liquidation forcing change of plans by ANU Woroni Read the original article here
The low-cost airline Bonza entered voluntary administration on Tuesday, after abruptly cancelling all of its flights after the repossession of its entire fleet that caught its CEO by surprise. Passengers were left stranded at a handful of airports when Bonza “temporarily suspended” all services on Tuesday with no notice, as the airline’s owners considered the…
Getty Images China’s property sector contributes roughly a quarter of the world’s second biggest economy A court in Hong Kong has ordered the liquidation of debt-laden Chinese property giant Evergrande. Judge Linda Chan said “enough is enough”, after the troubled developer repeatedly failed to come up with a plan to restructure its debts. The firm…
A beloved US burger franchise which had big plans to expand into Australia has entered voluntary administration. Late yesterday, KPMG’s David Hardy, George Georges and Emily Seeckts were appointed administrators of CJ’s Group, which is the master licensee for Carl’s Jr in Australia. The burger chain, which opened its first store in Australia in 2016,…
Melbourne-based tech start-up E-Mersion Media has sensationally collapsed with debts of over $12 million. According to liquidator Mathew Gollant’s report, the company, which specialised in digitising traditional print magazines, had been at a loss since its inception. The media-tech company only managed to make four sales in the four years it was in operation, coming…