Akasha Brewing have become the latest brewery to enter voluntary administration, with the Sydney-based operation appointing the professional services firm Vincents to oversee the business as they “restructure the operations of the company and to come to terms with creditors”. The news comes just a week after Deeds appointed Deloitte to oversee a restructuring of the business. In a media…
Black Hops Brewing have entered voluntary administration, with the Queensland brewery appointing David Mansfield and Timothy Heenan from Deloitte Financial Advisory as joint administrators according to a filing with ASIC. In a post on social media, the brewery team said it was a tough decision but “circumstances have meant there was no alternative”, adding that their…
Low-cost airline Bonza has entered voluntary administration after passengers were met with signs saying their flights had been abruptly cancelled on Tuesday. People were left stranded as planes were repossessed, with vision showing them being towed from the tarmac. CEO Tim Jordan apologised as he advised all services were “temporarily suspended” while he determined the…
Black Hops Brewing is the latest in a series of breweries to enter voluntary administration, advising that the Black Hops Board had no alternative but to place the business into voluntary administration due to its current circumstances. Deloitte Turnaround & Restructuring partners David Mansfield and Tim Heenan have been appointed voluntary administrators of the operations…
Since launching their first beers way back in 1989, Grand Ridge have seen off many challenges to have hit the local beer industry. Indeed, the regional Victorian brewery helmed by Eric Walters – one of the original co-founders who took sole ownership of the business in 1997 – is the state’s oldest independent operation by…
Cannasouth has announced the resignation of CEO Mark Lucas, effective from last Monday (April 8, 2024). Cannasouth went into voluntary administration last month after a dispute with secured convertible noteholders scuppered a crucial capital raise. Join the Cannabiz revolution Want to stay ahead of the cannabis curve with the latest local and international news, analysis…
Passengers stranded as Bonza enters voluntary administration SBS News Read the original article here
One of Victoria’s longest-running and most respected multi-arts festivals, the biennial Castlemaine State Festival, has entered into voluntary administration. The news was announced in an email from the Festival Board, sent just before 5pm last Thursday 28 March, at a time when many people were already switching off their computers and leaving work in preparation…
Air Vanuatu said on Thursday it had cancelled international flights for the rest of the week, as the Pacific Island nation’s government considered placing itsnational carrier into voluntary administration. All of Air Vanuatu’s international flights between Thursday and Sunday are canceled, and all later flights are under review, the airline said in a statement. “The…
21 June 2024 The Kirribilli Club Board has stepped aside and appoint the services of SV Partners to act as Voluntary Administrators of the Kirribilli Club effective immediately. “Unfortunately, due to a combination of overwhelming financial, operational and hospitality market circumstances we have exhausted all available options and have not come to this conclusion lightly. Mr Hugh Armenis…