Twenty Carl’s Jr restaurants have been immediately shut down as administrators assess the books. (Source: Facebook/On Point Digital Solutions) Hundreds of Aussie jobs are now in limbo after US burger chain Carl’s Jr was plunged into voluntary administration. The first restaurant opened its doors on the New South Wales Central Coast back in 2016 and…
Cook Government leaves shires in lurch with Rex debt Kalgoorlie Miner Read the original article here
Construction group in liquidation, amid $200m in debt disputes Gold Coast Bulletin Read the original article here
Joint liquidators Daniel Lopresti and Simon Miller are “urgently seeking parties who may be interested in making offers to purchase” the business or assets of Hindmarsh-based knitwear maker Silver Fleece. The company – best known for making the Australian cricket team’s woollen tops – went into liquidation on Wednesday after more than 70 years of…
A Gilbert-based electric vehicle charging company that landed millions of dollars in a venture capital deal last year is liquidating its assets and closing its business. Zevx Inc., via special purpose entity Zevx Liquidation LLC, auctioned off inventory — including battery packs, modules and equipment — from its warehouse at 565 E. Germann Road in…
The Melbourne Rebels is expected to fall into voluntary administration as early as Thursday afternoon, adding to a long list of companies chaired by businessman Paul Docherty that have collapsed in the last two months. The Australian Financial Review revealed last month that the rugby union club had outstanding tax bills and stadium fees that…
In short: After going into voluntary administration last October, dessert manufacturer Sara Lee is being sold. The company will be bought by the same family that bought Darrell Lea from administration in 2012. What’s next? The sale is expected to be made final in the coming weeks. Dessert manufacturer Sara Lee is being sold after it went…
The new year has started much as 2023 ended with another brewery entering voluntary administration. Wayward Brewing and the Local Drinks Collective formed with Batch Brewing Co in October 2022 have appointed administrators with the intention of restructuring the business and retaining ownership. Wayward was launched by Peter Philip in 2012, going on to build…
Rugby Australia is working with the debt-ridden Melbourne Rebels to ensure they field a team in this year’s Super Rugby Pacific competition but has offered no guarantees beyond that. Key points: Embattled Super Rugby club Melbourne Rebels have entered voluntary administration just a month before the season kicks off The Rebels are believed to be…
Vacuum cleaner retail chain Godfreys has collapsed, with cost of living pressures blamed for fewer sales and contributing to a “challenging economic and operating environment” for the business to remain viable. Key points: Godfreys has entered voluntary administration while looking for a potential buyer for the vacuum cleaner retailer The business has struggled with maintaining…