Can retail billionaire Solly Lew save Myer? Myers survival in its current form must overtake all other concerns and become the main focus for all who have a stake in the outcome. Whether its largest shareholder and second-largest supplier, Lew’s Premier Investments, wins the battle to control its board is of secondary importance. Retail king…
But they should be looking whether this makes financial sense. The New Myer strategy is in tatters, and the company is rudderless. Its chief executive Richard Umbers has left the building, following closely on the heels of finance chief Grant Davenport, and the recently installed chairman Garry Hounsell has torched his credentials by having backed…
DAVID WALKER/STUFF Southern Boundary Wines director Rebecca Cope. A North Canterbury wine company facing charges alleging fraud concerning wine production, has been placed in liquidation. The Waipara-based company, Southern Boundary Wines Ltd, and its directors have filed not guilty pleas to all charges and elected trial by jury in a case that will be considered…
ROCKHAMPTON civil and minesite construction company Busby Contracting Pty Ltd has gone into voluntary liquidation owing more than $2 million to creditors, employees and the tax office. The decision to wind the company up came at a general meeting held in Brisbane on February 5. Busby Contracting Pty Ltd had been involved in mines including…
In its offer, AMIPL set out a detailed industrial plan for the debt-laden steel maker to address its operational issues and to improve its performance and profitability. ArcelorMittal on Monday said that its subsidiary ArcelorMittal India Pvt Ltd (AMIPL) has submitted an offer for Essar Steel India Limited in line with the corporate insolvency resolution…
ROCKHAMPTON civil and minesite construction company Busby Contracting Pty Ltd has gone into voluntary liquidation owing more than $2 million to creditors, employees and the tax office. The decision to wind the company up came at a general meeting held in Brisbane on February 5. Busby Contracting Pty Ltd had been involved in mines including…
ROCKHAMPTON civil and minesite construction company Busby Contracting Pty Ltd has gone into voluntary liquidation owing more than $2 million to creditors, employees and the tax office. The decision to wind the company up came at a general meeting held in Brisbane on February 5. Busby Contracting Pty Ltd had been involved in mines including…
ROCKHAMPTON civil and minesite construction company Busby Contracting Pty Ltd has gone into voluntary liquidation owing more than $2 million to creditors, employees and the tax office. The decision to wind the company up came at a general meeting held in Brisbane on February 5. Busby Contracting Pty Ltd had been involved in mines including…
A file photo of the Reserve Bank of India in Mumbai. The Insolvency and Bankruptcy Code, 2016 was passed in May 2016, changing the legal framework for insolvency resolution in India. Photo: Aniruddha Chowdhury/Mint On Tuesday evening, the CEOs of some of Indias biggest banks were on a panel discussing the changing banking landscape, at…
The Charities Regulator has that said up to 40 Irish charities may have lost money after an online company that collected money for them went into liquidation. The company, Pembroke Dynamic Internet Services, had a liquidator appointed two weeks ago after it failed to satisfy a debt owed to the Revenue Commissioners. Following the appointment…