Melbourne-based sustainable packaging company Great Wrap has entered voluntary administration with debts of about $39 million, following years of financial losses and shifting market conditions. Founded in 2019 by husband-and-wife team Jordy and Julia Kay, Great Wrap developed compostable cling wrap, catering wrap and pallet wrap made from food waste and plant-based polymers. It was…
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REVEALED: Latest business liquidations in Nillumbik Herald Sun Read the original article here
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Collapse airline Rex is reportedly set to be saved by US aviation company Air T. (Source: Getty) An American buyer is reportedly swooping in to save struggling Aussie airline Rex from administration. The regional airline collapsed into voluntary administration in July last year. The Australian Financial Review and Sydney Morning Herald have reported Nasdaq-listed US…