Unsecured Mighty Craft creditors face a near wipeout of their funds, with administrators saying the best possible outcome is a return of less than 1¢ in the dollar.
Ankura, the administrators of the collapsed beer and spirits group, told creditors they were “currently estimated to receive between 0.5¢ in the dollar to 0.9¢ in the dollar”.
Loading...
Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.com
