Pumpkin Patch to Return to Shopping Centres

Pumpkin Patch to Return to Shopping Centres

Childrenswear brand Pumpkin Patch has changed hands for the second time in as many years, becoming the latest business to be brought under the umbrella of investment firm Alceon Group amid a spate of consolidation in the fashion industry. Alceon, which in recent years...
Menswear Chain Roger David Enters Administration

Menswear Chain Roger David Enters Administration

Menswear chain Roger David will embark on an immediate national closing down sale that could see the business shut down shortly after Christmas after being placed in voluntary administration. The privately owned company, which operates the Roger David, RDX and Stray...
Receivers Appointed as Deal to Save Max Brenner Fails

Receivers Appointed as Deal to Save Max Brenner Fails

Max Brenner appointed voluntary administrators earlier this month after suffering “escalating costs and tighter retail trade”.  About 20 of the company’s 37 stores were closed before liquidators from BDO were appointed last week, after about 250 of the company’s...
ASIC’s Powers to Disqualify Directors

ASIC’s Powers to Disqualify Directors

ASIC’s powers, under section 206F of the Corporations Act, allows ASIC to disqualify a person from managing corporations for up to five years if, within a seven-year period, the person was an officer of two or more companies that were wound up and a liquidator...