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Insolvency

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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

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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
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
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Cryptocurrency and pot – a heady combination.

Rich Lister’s medical marijuana dreams go up in smoke

OneLife Labs has collapsed, owing its creditors $18.5 million.

  • Sarah Danckert
Mosaic’s receivers have not been able to find a buyer for clothing and footwear brand Rivers.

Rivers stores to shut in April after failed hunt for buyer

Rivers is the seventh brand in the Mosaic group to be axed, resulting in the loss of 650 jobs.

  • Jessica Yun
Premier Jacinta Allan on a media tour with Nightingale CEO Dan McKenna at one of Brunswick’s Nightingale-designed apartment blocks targeting housing affordability.

Sustainable developer Nightingale racks up almost $500,000 in debt

The company insists that none of its current projects will be impacted by a restructure that was driven by an unpaid tax debt and a board exodus.

  • Sarah Danckert
Ross Poulakis with a luxury car in 2022.

‘Why is he racing sports cars?’ Collapsed fashion empire lent money to director’s racing team

Luxury fashion retailer Harrolds transferred more than $13 million to six other companies controlled by director Ross Poulakis, including a loan to an entity that races high-performance sports cars.

  • Cameron Houston

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