Insolvency
‘Waterfall effect’: Recession looms as more businesses face collapse
Most of the experts involved in corporate insolvencies warn Australia will tip into a recession in the next 12 months.
- by Sarah Danckert
Latest
Caroline spent $63k at Fenton & Fenton. Now her goods are in limbo
Customers who spent tens of thousands of dollars with the homewares and interiors brand are now left to grapple with the fallout.
- by Jessica Yun
Fenton & Fenton customers left out-of-pocket as administrators step in
The Melbourne-based interior and homewares brand terminated nearly 60 employees and ceased trading on Wednesday afternoon.
- by Jessica Yun
Exclusive
Food & drink
Irene Falcone’s Sans Drinks in voluntary administration
The move to appoint administrators comes three months after founder Irene Falcone announced plans to expand her business.
- by Jessica Yun
A $700b corporate-debt storm is building over the global economy
Corporate bankruptcies are starting to make landfall across the world now that the era of easy money is over.
- by Jeremy Hill and Lucca De Paoli
Jan went missing after a multibillion-dollar scandal. Three years later, he has sent a sign of life
Wirecard’s chief operating officer has been on Interpol’s most wanted list after disappearing following the dramatic implosion of the German payments company in 2020.
- by Karin Matussek
Chocolate maker Ernest Hillier collapses again, amid rising costs
Twenty workers at Australia’s oldest chocolate company have been stood down as administrators urgently seek a buyer to save the business – for a second time.
- by Emma Koehn
Updated
Retail
‘So stressed’: Dress boutique collapse leaves brides scrambling
The shock collapse of popular wedding dress boutique The Bridal Atelier has left brides-to-be across Australia stranded without their dresses, and its designers scrambling to communicate with customers directly.
- by Emma Koehn and Melissa Singer
Builders appointed to finish Porter Davis victims’ homes
The Victorian Managed Insurance Authority says more than 1100 claims decisions have been made and $3 million has been paid to affected Porter Davis customers in the nine weeks since the building company collapsed.
- by Stephen Miles
Doesn’t pay to be rude: Karen’s Diner restaurants close as owner goes bust
The owner of the Karen’s Diner restaurants, infamous for its staff being deliberately rude to customers, has gone under two years after the cheeky concept was born in Sydney.
- by Millie Muroi
Jenny Craig’s Australian business calls in administrators
The weight-loss company’s local management team was reluctant to appoint administrators, but was left with no choice after the US parent company filed for bankruptcy.
- by Jessica Yun