The future of popular paint-and-sip business Pinot & Picasso is uncertain after its master franchisor entered voluntary administration last week.

However, the administrator of the business has confirmed to SmartCompany it will continue to trade during the voluntary administration process.

Veuve Ventures Pty Ltd and seven related entities appointed Sule Arnautovic of Salea Advisory to act as voluntary administrator on Thursday, according to the Australian Securities and Investments Commission.

The entities act as master franchisors for 42 Pinot & Picasso venues across Australia and New Zealand, and operate seven company-owned stores.

Pinot & Picasso bills itself as a “relaxing, beginner-friendly paint and sip experience” for parties…

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Women’s clothing line Katies will be wound down while dozens of Millers, Rivers and Noni B stores will close as struggling Australian fashion retailer Mosaic Brands undergoes a “consolidation program” that will cost hundreds of staff their jobs.

A line will be drawn through Katies as a brand and the shutters will be brought down on all 80 of it stores by mid-January, it was revealed on Tuesday.

A further 80 Millers, Rivers and Noni B brick and mortar shopfronts will shut in the same period.

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The wide-ranging cuts will impact about 480 employees from across the clothing brands.

Receivers and managers KPMG, which was appointed to work alongside administrators FTI Consulting after Mosaic…

A decades-old non-profit with a mandate of supporting B.C.’s small businesses abruptly declared bankruptcy – resulting in dozens of employees losing their jobs weeks before Christmas.

The president of the board of directors for Small Business BC gave a letter to employees last week, saying an insolvency trustee had been appointed to “begin the bankruptcy process” and that the organization would immediately cease operations.

Small Business BC offered a range of services to owners and entrepreneurs, including guidance on how to establish a business and ensure its success. It also received federal and provincial funding.

Mark Eversfield worked for the organization for 32 years, making him the longest-tenured employee. He…

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WILMINGTON, N.C. (WECT) – It’s a crisis that’s plaguing families and individuals across the country, but North Carolina leaders say there is a cure.

Governor Roy Cooper and other state leaders announced a plan to reduce medical debt.

North Carolina leaders essentially laid out a roadmap other states can use to lower the amount of medical debt nationwide. It’s a new toolkit, aimed at making a big difference.

“I’m just so excited for people who are finally getting this off their shoulders because many of these people were very burdened by this. Honest, hardworking people who did not want to be in debt,” said Governor Cooper.

Cooper and other state leaders, paving the way to encourage hospitals to help relieve medical debt, and…

The manufacturer of MEET plant-based protein products is continuing to trade, after administrators from KPMG were appointed to the company last week.

Established in 2008, Proform Foods has been producing alternative protein products well before other startups like cultured meat startup Vow entered the market.

On May 22, Gayle Dickerson and James Dampney from KPMG Australia were appointed voluntary administrators to manage Proform Food Group Pty Ltd and its subsidiaries.

The group of companies under administration also includes Proform Food Group Pty Ltd, Proform Innovation Pty Ltd and Proform Gourmet Pty Ltd.

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