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Food redistribution platform Yume Food has been placed in liquidation, with the 10-year-old social impact startup and its assets being put on the market.

Founder Katy Barfield and the Yume board handed the keys to Teneo Financial Advisory Australia as liquidators on November 18.

Yume’s digital trading platform generates additional revenue for food manufacturers by selling surplus products, and also streamlines donating unsold food to relief organisations. Its corporate clients include FMCG giants Mars, Unilever, Kellanova and General Mills.

Barfield founded her social enterprise in 2015 to reduce…

Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy.

To enable cookies, follow the instructions for your browser below.

Facebook App: Open links in External Browser

There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a defect in the browser which should be addressed soon. The simplest approach to avoid this problem is to continue to use the Facebook app but not use the in-app browser. This can be done through the following steps:

1. Open the settings menu by clicking the hamburger menu in the top right

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The collapse of Hudson’s Bay has moved from store closures to court hearings meant to decide the fate of the fallen retailer’s assets, which include leases, artifacts and art, and its royal charter.

Here’s a timeline detailing at how Canada’s oldest company is winding down:

March 7, 2025: HBC files for creditor protection with the Ontario Superior Court.

March 23, 2025: B.C. mall owner Ruby Liu says she wants to buy HBC trademarks and properties.

March 24, 2025: HBC begins liquidating all but six stores.

April 24, 2025: HBC gets court permission to begin exploring an auction of its royal charter and 4,400 pieces of art and artifacts.

April 25, 2025: HBC begins liquidating its remaining six stores.

May 15, 2025: HBC announces Canadian…

The insolvency firm FTI Consulting was appointed yesterday with John Park, Kate Warwick and Kelly Trenfield acting as joint and several administrators.

John Park, head of Australia corporate finance and restructuring said, “The business is trading as usual as much as possible while the Administrators undertake an urgent assessment of the company’s operations, and have commenced a sales process and/or recapitalisation of the Group.”

Secrets Shhh has had a topsy-turvy history.

The vertical integrated retailer was launched in 2000 specialising in diamond simulant – cubic zirconia – jewellery.

The…

Dive Brief:

• Biotechnology venture firm Apple Tree Partners has filed for bankruptcy to implement a restructuring plan that will ensure its startup companies continue to be funded.
• The bankruptcy filing announced Wednesday comes amid a months-long dispute between ATP and its primary backers, a pair of entities associated with Russian billionaire Dmitry Rybolovlev. The venture firm sued those entities, Rigmora Biotech Investor One and Two, in Delaware Chancery Court earlier this year, alleging they were withholding funds promised to its startups. A Chancery court recently sided with the firm and ordered its backer to pay up about $97 million.
• Rigmora counter-sued in the Cayman…

Boutique boxing chain Hustle Boxing, launched with celebrity backing and marketed as offering Australia’s ‘most unintimidating’ boxing classes, has entered voluntary administration following a series of financial setbacks and high-profile controversies.

Administrators from BDO – Duncan Clubb and Andrew Sallway – were appointed this week to three companies behind the Sydney-based brand, which operated clubs in Potts Point and Newtown.

The collapse follows the failure of Hustle Boxing’s Fortitude Valley, Brisbane studio, which went into liquidation in March 2024 owing more than $2 million. Liquidators reported the Brisbane operation was under-capitalised, poorly managed and burdened by “high cash use”, running at a significant…

The Department of Internal Affairs says illegal gambling dens have been using predatory loans to ensnare vulnerable people.

In some cases, people were forced to give up their cars and homes, while others had to to sell drugs for the organisers.

It comes after the DIA launched several raids on poker dens across Auckland, seizing poker tables, chips, cash and cryptocurrency.

The venues in Albany, Botany, Epsom, Newmarket and Auckland’s city centre were believed to have offered unlicensed poker games in breach of the 2003 Gambling Act.

The DIA’s gambling director Vicki Scott told Morning Report some of the venues appeared to have links…

The former manager at a Boca Raton company that helps people settle their debts is charged with defrauding more than 20 clients out of nearly $200,000, the police department said.

Marius St. Gerard, 38, was arrested in Clearwater on a warrant late last month following a two-year investigation by Boca Raton Police. He has since been extradited to Palm Beach County, police said in a news release.

St. Gerard was a manager at CLR Admin Services, based in Boca Raton. The company was hired by a law firm, Helbing Law Group, to help its clients condolidate their debts.

Most of the clients were people over 65 experiencing financial hardships, according to a probable cause affidavit. The clients would pay into a savings account that CLR…