Restructuring news in Australia

An overview of news, trends and research in Restructuring consulting in Australia:

How FTI Consulting helped keep Sara Lee on Australian dinner tables Of all the recent business collapses in Australia, none have generated as much public emotion as that of Sara Lee.
02 September 2024
Insolvencies are rising. What precautions should leaders take? The number of companies entering external administration has hit a ten-year record high last month, illustrating the mounting pressures on businesses.
30 June 2024
Vantage Performance co-pens Building a Resilient Business guide As business insolvencies continue to rise, Australian businesses need to improve their capability to survive ongoing tough business conditions – with this in mind Vantage Performance and CreditorWatc
07 March 2024
Popular dolphin tourism centre calls in RSM for administration The iconic Dolphin Discovery Centre in Bunbury has called in accounting and consulting firm RSM as voluntary administrators after the WA tourism hotpot first hit choppy waters in the wake of Covid-19
05 March 2024
PwC called in for Godfreys and Melbourne Rebels administrations Facing separate but challenging market forces, rugby union club the Melbourne Rebels and vacuum cleaning retailer Godreys have both entered voluntary administration, with PwC called in on both.
30 January 2024
KordaMentha wins industry award for Digital Surge turnaround The collapse of crypto exchange FTX took a number of other platforms down with it, but Australia’s Digital Surge survived the initial carnage thanks to the award-winning intervention of KordaMentha.
21 November 2023
Transformation Office is imperative for a successful turnaround Transforming a distressed business requires a comprehensive set of initiatives that target various aspects of the organisation, including reorganisation, working capital optimisation, governance chan
11 October 2023
Vantage Performance develops turnaround module for students The University of Queensland has teamed up with turnaround consultancy Vantage Performance to add a Turnaround Management module to one of its bachelor programmes.
25 September 2023
Turnaround experts predict tough times ahead for Aussie businesses Insolvency and restructuring professionals are predicting tough times ahead for Australian businesses according to the latest annual survey by the Turnaround Management Association and KordaMentha.
03 September 2023
Cathro & Partners launches personal insolvency service line Australian insolvency advisory firm Cathro & Partners has expanded its portfolio with a new service line focused on personal insolvency.
08 June 2023
McGrathNicol finds a buyer for Kiwi footwear brand Bobux Beloved children’s footwear brand Bobux has been bought out of receivership by Munro Footwear Group.
21 May 2023
FTI Consulting to oversee sale of swimwear brand Seafolly After overcoming a Covid-19-related administration in 2020, iconic Australian swimwear brand Seafolly has been put up for sale by owner L Catterton, with FTI Consulting brought in to oversee the proc
08 May 2023
FTI holds first creditors meeting for troubled Tribe Breweries The restructuring practice of FTI Consulting has been called in as voluntary administrators of independent brewery Tribe – the second craft market player to run into trouble in as many months.
09 March 2023
Administrators FTI support Grand Cinemas asset sales to Hoyts Western Australia-owned and operated stalwart Grand Cinemas has sold three of its locations to national chain Hoyts after running into financial trouble due to Covid-19.
15 January 2023
Cathro & Partners overseeing liquidation of tech company Metigy Creditors of the collapsed Australian tech company Metigy have appointed Cathro & Partners as its liquidator, continuing their relationship with the boutique restructuring consultancy.
11 October 2022
Deloitte wins prestigious international award for Virgin turnaroaund The global Turnaround Management Association has lauded Deloitte for its work in saving Virgin Australia, the first time an Australian organisation has received the top honour.
22 September 2021
Insolvency outfit Mackay Goodwin expands into corporate advisory Insolvency and restructuring consultancy Mackay Goodwin has broadened its service portfolio to include corporate advisory, with Covid-19 having presented unique challenges for clients.
18 April 2021
HLB and McGrathNicol working on Dyldam's administration Sydney-based real estate developer Dyldam is now fully under administration, with HLB Mann Judd and McGrathNicol seated at either side of the table.
12 January 2021
Celebrity chef Jock Zonfrillo calls in KPMG for Orana's closure One of Adelaide's most-lauded restaurants has folded amid its months-long pandemic-induced closure.
08 October 2020
T.M. Lewin Australia brings in EY to oversee administration The Australian division of T.M. Lewin Australia has collapsed into administration, jeopardising around 40 jobs in Melbourne, Sydney and Brisbane.
05 July 2020
Women's fashion brand Max planning to close 17 stores New Zealand women’s fashion brand Max is currently working with a partner from Australian consultancy McGrath Nicol to restructure its operations.
21 June 2020
Fashion retailer Tuchuzy taps McGrathNicol for administration Australian fashion retailer has fallen into financial hardship, forcing the company to go into voluntary administration.
15 June 2020
Consultants to restructure News Corp's Australian newspapers News Corp Australia, the parent of major newspapers and Fox Sports Australia, has hired consultants from Deloitte Consulting to help the company restructure its newspaper division.
06 May 2020
Virgin Australia hires Deloitte for voluntary administration Australia’s second largest airline, has appointed Deloitte for a voluntary administration, having been effectively grounded by the coronavirus.
20 April 2020
Coronavirus is pushing major airlines to the brink of collapse An Australian aviation consultancy has warned that major airline companies across the globe are flying towards bankruptcy if the current environment around the Covid-19 persists.
19 March 2020
OneVue taps PwC and Seaview Consulting for Madison work Fund manager and investment services provider OneVue is working with consultants from PwC and Seaview Consulting in its bid to sell Madison Financial Group, a Sydney-based financial and wealth adviso
20 February 2020
EY to manage administration of three Sargon companies Having been pushed into external administration by its creditors, Australian financial services firm Sargon has appointed EY to manage the administration of three of its subsidiaries in a bid to safe
20 February 2020
Denim brand Jeanswest falls into voluntary administration Perth-based fashion clothing company Jeanswest has become the latest Australian retailer to enter voluntary administration.
04 February 2020
Grant Thornton leads restructuring of Sunshine Coast firm Tike Property, a family-owned property development company in Queensland, entered administration late last year.
19 January 2020
143-year-old McWilliam's Wines taps KPMG for administration KPMG has revealed that it is currently seeking an injection of capital or a buyer for McWilliam’s Wines Group, after the company went into voluntary administration and brought the professional servic
14 January 2020
Fashion brand Bardot turns to KPMG for administration Melbourne-based fashion apparel brand Bardot has become the latest Australian retailer to enter administration, with KPMG called in to support with the process.
04 December 2019
Trio of PwC partners oversee administration of Co-op Bookshop Consultants from PwC have been appointed as administrators for Co-op Bookshop, following the Australian retail firm’s decision to enter voluntary administration.
28 November 2019

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