Owner distress as companies plunge into administration – The Advocate
Owner distress as companies plunge into administration The Advocate Read the original article here
Booktopia rescued in administration buyout by digiDirect founder Shant Kradjian
Beleaguered book seller Booktopia has been saved from collapse via a buyout from digiDirect founder Shant Kradjian. The book chain went into voluntary administration in July. A representative for Mr Kradjian said Kogan.com, Woolworths, Dymocks, and QBD Books were among the other entities bidding on the administrator’s tender. Booktopia was in financial strife as it…
Administrators for Rex to axe another 73 jobs at troubled regional airline
More than 70 jobs will be cut at troubled regional airline Rex as administrators continue to evaluate the business and search for an appropriate buyer. Rex collapsed into voluntary administration in late July, after days of speculation about the airline’s future. Since administrators from consulting firm EY were appointed, a total of 594 jobs have…
Vacuum giant Godfreys collapses after 90 years – Hawkesbury Gazette
Vacuum giant Godfreys collapses after 90 years Hawkesbury Gazette Read the original article here
Gilbert-based EV company winds down operations
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…
‘Incredibly pleased’: Buyer found for troubled online retailer Booktopia after it collapsed into administration last month
A buyer has been secured for Booktopia after the troubled online retailer collapsed into administration last month following a major slump in share value. The ailing business and related assets was bought by the owner of digiDirect last week, an Australian-owned business specialising in consumer electronics like cameras, computers and gaming tech. Administrators shared the…
Insolvent liquidations in British Virgin Islands | Asia
Liquidations in the British Virgin Islands can be either an insolvent liquidation governed by the Insolvency Act 2003 (as amended), or a solvent liquidation governed by the BVI Business Companies Act (as amended). This article provides a brief overview of insolvent liquidations. Insolvent liquidation The purpose of an insolvent liquidation is to bring a company’s…
Bonza voluntary administration extended – Zinc 96.1 FM
The voluntary administration period for Sunshine Coast-based airline Bonza has been extended for another two months. The Federal Court has granted Bonza administrators, Hall Chadwick, extra time to hold a second meeting of creditors. The main purpose of the extension is to provide the Administrators with further time to conduct a sale of Bonza’s business…
Carl’s Jr enters voluntary administration in Australia
Image: Facebook/CarlsJrAU Facebook LinkedIn US burger chain Carl’s Jr has placed its Australian stores into voluntary administration, affecting 24 stores nationwide. CJ’s Group is a licensee of Carl’s Jr. restaurants in Australia and independently owns and operates 24 Carl’s Jr. restaurants. The CJ’s Group also serves as the master licensee to 25 Carl’s Jr. restaurants…
Booktopia is saved from collapse: digiDirect buys one of Australia’s biggest book retailers
Booktopia was bought by digiDirect owner Shant Kradjian Booktopia entered voluntary administration in early July READ MORE:  By Ashley Nickel For Daily Mail Australia Published: 11:29 AEST, 19 August 2024 | Updated: 12:57 AEST, 19 August 2024 One of Australia’s biggest book retailers has been rescued by a buyer after it entered voluntary administration last month. …