Insolvency
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
Latest
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
- Exclusive
- Fashion retail
‘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
Nicheliving owes state $600,000 in unpaid payroll tax: premier
Cook made the revelation the same day the opposition referred the company to the corporate watchdog over concerns two of its business entities had traded insolvent for up to two years.
- Hamish Hastie
Remembering Katies: From ‘all that glitters’ to retail relic
Once a mecca for “pants and a nice top” for Baby Boomers, Katies will be no more. What happened?
- Melissa Singer
‘Not taken lightly’: All 80 Katies stores to close as Mosaic axes hundreds of jobs
Receivers KPMG says all of the embattled fashion retailer’s Katies stores will shut, while dozens of stores across its Millers, Rivers and Noni B brands will also close by mid-January.
- Daniel Lo Surdo
Comedians’ fury as management leaves them out of pocket and in the lurch
Junkyard Artist Management, which has represented numerous heavy-hitters in Australian comedy, has gone into liquidation. Many artists claim they are owed serious money.
- John Bailey
Australia’s construction sector faces zombie apocalypse
With the housing crisis worsening, the construction sector might be the next to join the ranks of the walking dead.
- Hannah Hammoud
Owner of Katies, Noni B and Millers goes into administration
Mosaic Brands, the retailer that owns clothing brands such as Katies, Millers and Noni B, will continue to trade. But the administration process puts at risk the jobs of almost 3000 employees.
- Anne Hyland
- Exclusive
- Fashion retail
‘Where are the garments?’: High-end boutique Harrolds took deposits weeks before $16 million collapse
The Australian luxury retailer owes more than $16 million to a string of fashion houses from Paris to New York, but was still importing stock and taking deposits just weeks before its collapse.
- Cameron Houston
Original URL: https://www.watoday.com.au/topic/insolvency-jga