After going into voluntary administration, Seafolly is on its way to receiving a lifeline. Administrators KordaMentha selected L Catterton as the preferred bidders for Seafolly the swimwear brands former parent company. Seafolly was founded by Peter and Yvonne Halas back in 1975 and acquired by L Catterton in 2014. Visit Business Insider Australias homepage for…
More number of cases have been closed by liquidation than by resolution ever since the corporate insolvency resolution process (CIRP) came into effect from December 1, 2016, going by the status of CIRPs as on March 31, 2020. As per the Reserve Bank of Indias latest Financial Stability Report (FSR), about 57 per cent (914…
AUSTRALIAN country clothing and accessories Bullzye could be making a comeback. The company went into liquidation in March, with all five physical Queensland stores closing soon after. There were stores in Rockhampton, Townsville, Bundaberg, Toowoomba and Mackay, plus a warehouse in Murrarie for online orders. Bullzye Australian Co. store in Mackay. Picture: Tony Martin READ…
AUSTRALIAN country clothing and accessories Bullzye could be making a comeback. The company went into liquidation in March, with all five physical Queensland stores closing soon after. There were stores in Rockhampton, Townsville, Bundaberg, Toowoomba and Mackay, plus a warehouse in Murrarie for online orders. Bullzye Australian Co. store in Mackay. Picture: Tony Martin READ…
The Rochfort Distillery in Hindmarsh Valley has been placed into liquidation, faced with potentially more than $500,000 of debts. The award-winning distillery and 200 seat restaurant opened in 2018 just outside of Victor Harbor, at the site of the former Victor Harbor Winery. It may now be forced into selling off its stock of whisky,…
The Age and The Sydney Morning Herald can also reveal that a company closely linked to Unified Security, which had an almost identical name and operated from the same Sydney address, has been embroiled in a protracted liquidation process and as recently as February this year still owed unsecured creditors $4.5 million. Melbournes second COVID-19…
This is a small excerpt from our upcoming Power Edition, where Sakic reveals 5 lessons she learned to become a more successful retailer. You can subscribe here. One of the objectives of putting a business into voluntary administration is to see if a financially stressed business can be saved or restructured. If the answer is…
A LIQUIDATED Central Queensland mining labour hire company is being sued for $2.8 million in a workplace injury lawsuit. Michael Thorogood, 43, is suing One Key Workforce for negligence and breach of contract after he fell 1.5 metres to the ground, causing a severe wrist injury that required 10 surgeries. The claim was served to…
This is a small excerpt from our upcoming Power Edition, where Sakic reveals 5 lessons she learned to become a more successful retailer. You can subscribe here. One of the objectives of putting a business into voluntary administration is to see if a financially stressed business can be saved or restructured. If the answer is…
A LIQUIDATED Central Queensland mining labour hire company is being sued for $2.8 million in a workplace injury lawsuit. Michael Thorogood, 43, is suing One Key Workforce for negligence and breach of contract after he fell 1.5 metres to the ground, causing a severe wrist injury that required 10 surgeries. The claim was served to…