NEWS

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...

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...

Tasman Butchers Retail Network Collapses Owing Millions

One of Australia’s largest independent retail butchers, Tasman Market Fresh Meats, has collapsed, owing millions to creditors. In a clear sign of the tough trading conditions in domestic retail at present, the Tasman business, which operated 17 retail sites across...

Ice cream maker Bon Appetit Australia collapses

Ice cream maker Bon Appetit Australia, which rescued the Dairy Bell ice cream business has entered voluntary administration after ongoing issues with the business, with creditors reportedly owed over $1 million.  Bon Appetit, which makes the Bottega del Gelato and...

Australian Fashion Brands Feel Domino Effect

The collapse into administration of 169 year old British retail giant, House of Fraser, has seen Australian fashion brands affected with estimates that suppliers are owed in the region of AUD 131 million.  Ragtrader reports that Australian brands stocked by House of...

A simple way to pay for your insurance

Macquarie Premium Funding is a great option when you are met with your annual premium payment, which can tie up a substantial amount of money.  You can easily spread your annual insurance premiums over 6, 8, 10 monthly payments, freeing up your company finances for...

Adriano Zumbo’s businesses placed into voluntary administration

Famous celebrity pastry chef Adriano Zumbo’s businesses are reportedly facing a $10 million debt to creditors after three of his sweets-serving companies have entered voluntary administration. Read more at Smart...

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