Ally Fashion faces liquidation amid landlord dispute

The Federal Court of Australia has forced Australian retailer Ally Fashion into liquidation following an application by a landlord for rent arrears.  The court appointed Jeff Marsden and Duncan Clubb of BDO Australia on February 28, 2025. Ally Fashion is an Australian-owned female fast fashion retailer that was founded in 2001, with 160 stores across…

Scottish business insolvencies fell by 2.4% in Q3

Business insolvency numbers (liquidations and receiverships) in Scotland for Q3 2024-2025 decreased by 2.4% compared with Q3 2023-2024, to a total of 285 according to latest Accountant in Bankruptcy data. Business insolvencies (liquidations and receiverships) decreased by 8.9% when compared with the previous quarter’s total of 313 (July-September 2024). Commenting on the Scottish insolvency statistics,…

‘United in our commitment’: Saviour found for school lunches after Libelle Group liquidation

Tonight, Compass Group New Zealand confirmed it had agreed to acquire the relevant assets of Libelle Group following its liquidation. This arrangement remains subject to regulatory and customary approvals. A statement from Compass Group said: “This acquisition provides confidence and continuity of the Ka Ora, Ka Ako Healthy School Lunches programme, ensuring meal delivery to…

Olivado owes more than $3 million, liquidators say

The liquidators said total liabilities were $3,191,418.60. But the value of Olivado’s plant and equipment, land and building assets was withheld. Olivado continued operating as a processor and supplier of avocado and olive oil. AdvertisementAdvertise with NZME. The processing facility was just outside Kerikeri. “The company prior to liquidation had administrators appointed,” the liquidators added…

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