Corporate bankruptcy filings began ticking up in Australia and beyond in 2023, reflecting shifting macroeconomic conditions as rising global inflation prompted central banks around the world to respond by hiking interest rates. The numbers for 2024 are even higher, with some well-known brands, particularly in more vulnerable sectors like construction, retail and travel, among the casualties.
In the construction sector, for example, major builders such as Porter Davis Homes, Probuild and Dyldam have folded in recent times. In the retail sector, a range of companies have folded, including Godfreys, Marquee Retail Group, parent company of brands including Colette by Colette Hayman, as well as The Body…
