by PSC Trade Credit Risk | Feb 17, 2020 | Blog
Holden will be axed in Australia at the end of 2020 – just three years after the end of local manufacturing and the lowest monthly sales since it was established in 1948 – as US car giant General Motors gets out of right-hand-drive markets globally. Although Holden...
by PSC Trade Credit Risk | Feb 11, 2020 | Blog
George Calombaris has placed his restaurant empire into voluntary administration, only months on from an underpayment scandal and more recently the loss of his MasterChef role. Calombaris’ business, Made Establishment, met this afternoon to decide whether to appoint a...
by PSC Trade Credit Risk | Feb 5, 2020 | Blog
Macy’s announced on Tuesday that it will close 125 stores and axe 2,000 jobs, becoming the latest shopping giant to shutter shops amid a radical reordering of the retail landscape. The department store chain plans to exit weaker shopping malls and focus on opening...
by PSC Trade Credit Risk | Feb 4, 2020 | Blog
Yet another high-profile Aussie fashion brand has announced its stunning collapse. The company behind popular jewellery and accessories chain Colette by Colette Hayman – the CBCH group of companies – was placed into voluntary administration late last month, it has...
by PSC Trade Credit Risk | Jan 23, 2020 | Blog
With their role in turning around failing businesses, or winding them up, the corporate undertakers are an indicator of the broader economy, so it’s telling that they’re hiring, expanding and preparing for a difficult 2020. “We’re starting to...
by PSC Trade Credit Risk | Jan 16, 2020 | Blog
National fashion retailer Jeanswest has collapsed into administration, becoming the latest major retailer to fall on tough times in recent weeks. The business, which employs 988 people and has 146 stores across the country also has a number of international stores,...