With the housing crisis worsening,the construction sector might be the next to join the ranks of the walking dead.
Mosaic Brands,the retailer that owns clothing brands such as Katies,Millers and Noni B,will continue to trade. But the administration process puts at risk the jobs of almost 3000 employees.
The Australian luxury retailer owes more than $16 million to a string of fashion houses from Paris to New York,but was still importing stock and taking deposits just weeks before its collapse.
Embattled property developer Paul Chiodo’s collapsed Keystone Asset Management could be rebirthed via a deal that would steer it away from liquidation.
At a time when many women were homemakers with limited career opportunities,Tupperware let them earn money,build a small business and network.
Insolvency was known for an aggressive approach of “kicking down doors,banging tables”. That’s changed,and now there’s a push to boost women’s role in the sector.
The most shocking aspect to the end of the storage container maker is that it lasted this long.
After three months of searching for a buyer,the troubled business,once the pinnacle of Australian fashion,will close permanently.
Dozens of young players and top coaches were left high and dry by the $3 million failure of Calypso Destinations and its director is under the microscope.
Phillip Kingston,who once rubbed shoulders with Silicon Valley billionaires,sold his last two assets – a ute and a membership to a golf club – before he was declared bankrupt.
Booktopia has been rescued by the owner of online camera store digiDirect,Shant Kradjian,who is adding 100 jobs back to the collapsed bookseller.