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Insolvency

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An impression of the technology and education park as shown in Silicon Highlands proposal.

‘Legacy project’: New private school, hospital and uni plans hang by a thread

Before receivers descended on tech entrepreneur Peter Crown’s Berrima property empire he had some fairly grand plans that included flipping much of it, and proposing a technology park called Silicon Highlands.

  • Lucy Macken

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Jeanswest at Westfield in Sydney’s Miranda, one of the country’s top 10 shopping centres.

Jeanswest to shut all stores, with 600 jobs on the line

The Australian-founded, foreign-owned denim label is aiming to keep operating as an online retailer, as tough trading conditions force it to close physical stores.

  • Staff reporter
Greg O’Shea, who is a director of transport and logistics company Austrans, which collapsed with debts of more than $116 million.

Heir’s lavish lifestyle continues as his business empire crashes down around him

A family-owned freight empire has collapsed with debts of more than $116 million, as the liquidator and creditors accuse its high-flying director of repeated breaches of his duties. 

  • Cameron Houston
Small businesses are being increasingly bogged down by late payments.

Better late than never? The ‘contagion effect’ crippling small businesses

Small businesses employ 5.4 million people and generate a third of Australia’s GDP, but late payments from bigger firms are putting many under financial strain.

  • Cindy Yin
The federal government has granted access to the fair entitlement guarantee for 2800 axed workers of budget clothing retailer Mosaic Brands.

‘Strong case to act early’: 2800 axed Rivers, Millers, Katies staff granted pay reprieve

Thousands of women left out of a job following the collapse of Mosaic Brands will be able to access unpaid wages thanks to a last-resort government scheme.

  • Jessica Yun
Construction business insolvencies are impacting businesses higher up the chain.

WA builders, restaurants among the hardest hit as insolvencies surge

Company collapses in Western Australia have surged 24 per cent, with more than 1200 businesses plunging into insolvency in 2024.

  • Connor McGoverne
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Prime Minister Albanese meets steel workers at Whyalla.

Pre-election bailout: Does Whyalla deserve to be rescued?

First Rex, now Whyalla. It’s a bad look for the government to be bailing out businesses that have been poorly managed, even if the help is not going to shareholders or even creditors.

  • Elizabeth Knight
The Whyalla steelworks is part of the GFG Alliance.

Labor’s $500m plan to rescue Whyalla from wipeout

The Albanese government will invest multi-millions to help keep the plant afloat after it was seized from the control of British billionaire Sanjeev Gupta.

  • Mike Foley and James Massola
The Murray Road Bunnings is set for new branding when discount homewares retailer Panda Mart opens mid-year.

53,000 products: Discount dynamo takes over empty Bunnings superstore

Australia’s discount homewares market is about to get some stiff competition with the arrival of international retailer Panda Mart.

  • Nicole Lindsay
Mosaic’s remaining brands, Noni B and Millers, will shut down, meaning all nine of its brands have been axed.

More than 900 jobs to go as Millers, Noni B stores to be shut down

The embattled fashion retailer Mosaic has axed hundreds of jobs and announced all stores to be shut down following an unsuccessful search for a buyer.

  • Cindy Yin and Jessica Yun

Original URL: https://www.smh.com.au/topic/insolvency-jga