Grocon in Administration: ‘INSW is Forcing Our Hand’ – The Urban Developer

Grocon has called in administrators over the groups construction companies, citing its loss from Infrastructure NSWs handling of the Sydney Central Barangaroo project. In a Friday announcement, Grocon chief executive Daniel Grollo said administrators had been contacted over the groups legacy construction companies founded by his grandfather more than 70 years ago. Grollo would not…

Grocon goes into administration, putting thousands of subcontractors and suppliers at risk of not being paid – DynamicBusiness

One of Australias largest construction companies, Grocon, has gone into administration, leaving thousands of subcontractors at risk of unpaid contracts. Grocon is known for developments such as Melbournes casino, Eureka Tower and the Rialto Towers. Grocons chief executive, Daniel Grollo, blamed its administration on Infrastructure NSW for its handling of the Central Barangaroo project. It…

Cafeteria chain Luby’s receives stockholders’ approval for liquidation – Verdict Foodservice

Lubys, which operates Lubys Cafeterias and Fuddruckers restaurant chains, has received approval from its stockholders for the liquidation and dissolution of the company. The approval enables the sale of the companys assets and distribution of the net proceeds to the stockholders before completing the remaining operations. Lubys said that 99% of its shareholders voted in…