NEWS

Warnings of further collapses in retail as Specialty Mens Apparel, trading as Ed Harry, appoint Administrators

Retail experts warn menswear business Ed Harry won’t be the only retailer to succumb to subdued retail conditions in the coming weeks as the industry comes to terms with lacklustre holiday trading. The business, which has 87 stores across the country and almost 500...

Construction Activity in Australia’s Residential Sector Continuing to Decline

If the latest signals from the Australian construction sector are anything to go by, 2019 could turn out to be rough year for the broader Australian economy. Activity levels plunged at the fastest rate in nearly four years last month, driven by an even steeper decline...

Fastline Logistics collapses leaving 120 workers jobless

Fastline Logistics, a Melbourne company distributing products for retail brands and stores, has collapsed, leaving 120 workers jobless and owed millions in entitlements . The union is investigating the recent stripping of major assets from Fastline to another...

Multimillion-dollar app development company Appster collapses into liquidation

A former golden child of the Australian startup and tech scene, Appster was once hailed as the ‘next Apple’ by commentators due to the company’s intense growth, boasting over $19 million in revenue and more than 400 staff across four international offices prior to its...

Laura Ashley in administration, again

Retail chain, Laura Ashley, has fallen into administration for the second time in as many years, threatening the future of 18 stores and 100 workers. The fashion and home furnishing retailer, which operates under license from the UK Laura Ashley business, claims an...

RCR Tomlinson collapses owing millions

RCR Tomlinson,  founded in 1898,  is one of Australia’s largest publically listed construction companies, with government and private sector clients including Transport for NSW, Metro Trains Melbourne, the Water Corporation of WA, Sydney Water, and...

How to leverage emerging market opportunities with trade credit insurance

Emerging markets can present an attractive opportunity for expansion and growth for some businesses. New technologies and a shrinking economic world have made expansion more realistic even for smaller businesses. As people in developing countries begin to attain...

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 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

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...

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