A private equity-backed consortium led by business heavyweight Leigh Clifford is working on a deal to save the Rebels and move the club to Melbourne’s west.
As a rugby union who’s who gathered for lunch this week,the future of the embattled club was on everyone’s lips. How do you save a loss-making operation without leaving a sour taste in anyone’s mouth?
Stores will remain open until May 31 to give staff a chance to clear existing stock. After that,more than 600 jobs and 87 stores will be no more.
Melbourne Rebels directors overcame opposition from Rugby Australia to win more time from a court as they attempt to save the debt-ridden Super Rugby club
The new owners of the frozen dessert business say they are looking to create new products and expand into other food categories.
The number of businesses going bust in Victoria has risen sharply. Others,like LaManna&Sons,are feeling the bite of 13 consecutive interest rate rises.
WeWork founder Adam Neumann had a meteoric rise before he was ousted as the office sharing company spiralled into bankruptcy. Now he has returned.
The flagging building sector has claimed another casualty with construction group St Hilliers calling in administrators after pausing work on 21 of its projects,mainly across Queensland and NSW.
Once the authority on vacuums,the 93-year-old specialist retailer’s problems began as far back as the turn of the millennium.
The retailer,which sold vacuum cleaners and other cleaning devices,has joined a string of other retailers to appoint voluntary administrators in the post-COVID cost-of-living crisis.
The long-overdue demise of the notorious property developer will force China’s authorities to make some difficult decisions.