Bank Repossession

  Darrell Lea's administrators are hoping they can save hundreds of jobs and find a buyer for the famous chocolate maker. In shocking sour news Darrell Lea appointed PPB Advisory as voluntary administrators amid fears the company is in deep financial distress.       Workers to lose jobs with Darrel lea Liquidation Fears   The company is 100 per cent owned by the Lea family.   A review of Darrell Lea's business was underway in the hope a buyer could be found for the company which is in distress with its 700 workers at risk of losing jobs.   Darrell Lea had been experiencing trading problems for some time, with soft retail conditions like playing a part in its downturn and subsequent voluntary liquidation. Darrell Lea employs about 700 people at its Sydney manufacturing base and at its 1800 shops across Australia, New Zealand and the United States.   There have been media reports of Potential bidders from Australia and ov...

Administrator PPB Advisory today announced it would suspend Hastie's Australian mechanical, electrical and plumbing operations , after determining there were insufficient funds to operate  and run the businesses   The Administrators will remain in control of the companies that comprise the mechanical, electrical and plumbing (MEP) businesses in Australia as well as operations in the Middle East. These businesses employ 2,700 people in Australia and approximately 2,000 in the Middle East. More at pbadvisory.com-hastie-group   PPB said staff across the businesses had been informed formally of the situation and that there would be job cuts. Hastie group problems  and administration   Hastie Group, which provides solutions for commercial and industrial air conditioning and refrigeration services  to both Australia and New Zealand, had already been in talks with banks and new investors to extend its loans, but they broke down when Hasti...

Sydney will be full with catwalk shows and parties as Mercedes-Benz Fashion Week Australia ( 30 april – 4th may 2012 ) kicks off on Monday.   Mercedes-Benz Fashion Week Australia Sydney will be heaving with catwalk shows and parties as Mercedes-Benz Fashion Week Australia kicks off on Monday. But unlike the increasing number of fashion festivals across the country where people can buy tickets to events, MBFWA is invitation only.   Circular Quay Shows- 41 (44 in 2011) First timers Dylan Cooper; Flowers for a Vagabond; Toi et Moi Sydney; By Johnny; Oroton; Watson x Watson; An Ode to No One; Jenny Kee; Aje; Roppa Pemmaraju; Bless’d Are The Meek and Nana Judy   Whos back for More Romance Was Born; Camilla; Aurelio Costarella; Ksubi; Jayson Brunsdon; Akira   Little Joe Woman empire in crisis After tearing up the runways of Paris and Milan and gracing the covers of  australias fashion magazines. London-born supermodel turned fashion des...

Eastman had made photography popular in the United States in 1888 with the slogan "you press the button, we do the rest" . In 1900, his 'Brownie' camera made it really affordable. Australia Kodak Limited , a joint venture with the two Australians, later became Kodak (Australasia) Ltd . It was an early expression of the Australian love of new technology.   The Chapter 11 filing could come as soon as this month or early February, the newspaper said.     Despite having made Huge sacrifices to make the company “competitive” and profitable, 600 production workers will be shunted out of their jobs in November. More jobs will go when the company’s wholesale photo processing lab shuts on October 22, with services being outsourced to another company.   The closure of the Coburg plant concludes almost two decades of ruthless restructuring, during which both management and the unions assured workers that if they allowed downsizing and cuts to...

South West-based “Challenge Dairy” announced today it has gone into voluntary administration, admitting it owed substantial amounts of money to farmers. Challenge Australian Dairy manufactures the highest quality cheese, butter, mik, cream, yoghurt, custard and dairy ingredients under the Capel brand. These products are offered into both the Australian domestic market as well as expanding export markets. Breaking NEWS : One of Perth WA's major dairy companies has gone into voluntary administration, after weeks of speculation that it was on the near verge of collapse. The company says it called in administrators PPB after attempts to raise additional funding  and money from the company's shareholders and other sources, its bankers and prospective investors were unsuccessful. Voluntary administration - Challenge Dairy About half of the WA state's dairy farmers supply milk to the company, and a number of them say they have not been paid for milk supplied last ...