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Restructuring news in Australia
An overview of news, trends and research in Restructuring consulting in Australia:
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No news found.
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
Online furniture shop Zanui collapses and turns to KPMG for sale
Online home and furniture shop Zanui has been put up for sale after abruptly nosediving into voluntary administration. KPMG has been appointed to oversee the process.
04 November 2019
Ankura launches restructuring consulting arm in Australia
American management consulting firm Ankura has continued its push into the Asia Pacific region with the launch of a restructuring practice in Australia.
09 October 2019
Deloitte to liquidate dodgy Australian diamond miner
Consultants from Deloitte have been tapped to oversee a third high-profile administration in weeks.
04 October 2019
Deloitte and Moelis complete sale of collapsed Axsesstoday
SME lender Axsesstoday has been sold out of danger, following a voluntary administration process overseen by Deloitte and advisors from Moelis & Company.
25 September 2019
Deloitte managing wind-down of Karen Millen in Australia
The Australian wing of UK fashion outlet Karen Millen has appointed administrators from Deloitte to oversee its winding down.
16 September 2019
FTI Consulting to administrate collapsed recruiter Rubicor
Rubicor Group, one of Australia’s largest staffing and payroll companies, has collapsed. Consultants from FTI Consulting have been appointed as administrators.
12 August 2019
Air New Zealand flies in Oliver Wyman for cost cutting review
Embattled Air New Zealand is working on a large cost-cutting exercise, aimed at carving-out savings of 5% from its operational cost base.
06 August 2019
Telstra brings in McKinsey & Company to cut $1 billion for Telstra2022 strategy
Telstra has been working with management consulting giant McKinsey & Company to help cut costs across the firm's labour force.
13 August 2018
Phoenixing costs Australia’s economy $5 billion, finds PwC report
A high estimate of $5 billion is being wiped off Australia’s economy due to phoenixing, or illegally dissolving a company and then rebuilding it from the ashes according to a PwC report commissioned
26 July 2018
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