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A $40 million case study in what informal governance can’t survive When a business is held together by nothing more than one family member trusting another, it works right up until the moment it doesn’t. The liquidation of two thoroughbred racing companies linked to the prominent Nakhle family is a textbook demonstration of what happens…
Reading Time: 3 minutes The failure of a Hawke’s Bay apple empire has left unsecured creditors owed over $30 million, the liquidator’s report reveals. The first report on the state of Crasborn Fresh Harvest, a subsidiary of apple-growing company Kiwi Crunch – owned by ex-accountant Wade Glass – has confirmed initial losses are likely to…
Proud Poppy collapses into administration amid store closures Inside Retail Australia Read the original article here
Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…
777 Partners Files Bankruptcy After Creditors’ Liquidation Push Bloomberg.com Read the original article here
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A little-known Co Galway-based plant and machinery firm that made a tax settlement totalling €106.6 million withRevenue earlier this year has cash funds of just €17,478.50 in two bank accounts. In June, LPS International Plant Ltd, which has listed 41 year-old Michael Leonard as its sole director since 2016, appeared on the list of Revenue…