Stay informed with the latest in insolvency news and industry updates. We can keep you up to date with insolvency and finance information from around the world.
Recently, the Australian Strategic Policy Institute (ASPI) has faced “a cut in funding” after the US government suspended its financial support. Earlier, ASPI’s head of China investigations and analysis published an article warning that the funding freeze would plunge the anti-China ecosystem “in crisis” and urged the US or other donors to continue supporting relevant operations. This has culminated in an absurd farce, where anti-China forces – once merely puppets – are now openly lamenting their lack of funds after their strings have been cut. This debacle not only strips away the pretense of “independence and objectivity” from certain think tanks, but also fully exposes the chain of “cognitive…
While some markets, including Australia, Singapore, and Japan, may see a moderation in insolvencies in 2025, other economies – such as Taiwan (8%), South Korea (3%), and Hong Kong (2%) – are expected to continue experiencing increases, primarily due to subdued trade demand and prolonged financial pressures.
Bax Music, a major seller of musical instruments and equipment, has been declared bankrupt by the Zeeland-West-Brabant court, De Telegraaf reports. The decision, made on Tuesday, follows the company’s request for a suspension of payments last week—often a precursor to bankruptcy.
The company has struggled with financial difficulties in recent years, owing debts to various creditors, including the Dutch Tax Authority. The financial strain was exacerbated by the COVID-19 pandemic and further compounded by a fire in 2023 that damaged a significant number of musical instruments at a facility in Goes.
Founded in 2003, Bax Music has grown into one of Europe’s largest online retailers of musical instruments and equipment. In addition to…
April 1 2025, 4:45 pm | BY Ricki Green | No Comments
GrowthOps, owned by Trimantium, has entered voluntary administration, placing all its businesses—including Brisbane full-service agency Khemistry, Sydney PR agency Forward and several others—into liquidation.
According to sources, all operations have ceased, and staff have been stood down.
GrowthOps, founded by Phillip Kingston, was originally formed in 2017 as part of a large-scale merger, when 15 entrepreneurs merged their eight, specialist businesses “to create a single execution partner to better solve the complex…
Jeanswest, the iconic Australian fashion brand, has announced a major stock sale after entering voluntary administration. The company, once a dominant name in the Australian retail landscape, now faces a shift to an online-only model. The sale, which includes over $20 million worth of stock, will run through its physical stores and online platforms.
Company Enters Voluntary Administration
Jeanswest entered voluntary administration last Wednesday, marking its second time in administration since 2020. The brand’s parent company, Harbour Guidance Pty Ltd, appointed Pitcher Partners Melbourne to handle the process. The company is now working to wind up its remaining 90 physical stores across Australia, as it pivots to an online-only…
The marketing and advertising services group GrowthOps has appointed liquidators McGrathNicol to wind up the business.
The group comprises agencies including AJF Partnership, Khemistry, PENSO, GO Digital, Voodoo, FORWARD and Asia-Pacific Digital.
GrowthOps liquidators are Katherine Soxou and Damien Pasfield, according to documents filed with the Australian Securities and Investments Commission.
GrowthOps launched in 2017 under the name Trimanthium, and rebranded a to GrowthOps a couple of years later.
At the time it positioned the group as “a new kind of service provider that fuses together marketing, technology and people disciplines to help large organisations acquire and retain new customers, build and launch transformational…
