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Restructuring news in Australia | Page 2
An overview of news, trends and research in Restructuring consulting in Australia:
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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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