New owner puts Grays Auctions into administration in ‘strategic’ move – Inside Retail Australia
New owner puts Grays Auctions into administration in ‘strategic’ move Inside Retail Australia Read the original article here
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REVEALED: Latest business liquidations in Wanneroo – dailytelegraph.com.au
REVEALED: Latest business liquidations in Wanneroo dailytelegraph.com.au Read the original article here
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Grays online enters administration after recent takeover
Just days after its sale to a similar group, popular online auction house Grays online has gone into administration. The commercial online platform had recently been acquired by Slattery Auctions, owned by former Grays owner Quadrant Private equity. The collapse comes just over a year since the Federal Court ruling last year ordered the company…
Many Smiths City creditors won’t be paid – liquidators
Smiths City’s former flagship store in Christchurch. Photo: Supplied The collapse of large retailer Smiths City has liquidators expecting many creditors will go unpaid after adding up more than $26.8 million in liabilities. About 240 companies are owed money, with unsecured creditors likely to be out of pocket after liquidators, Colin Gower and Diana Matchett…