administration

Thursday, August 13

Private equity firms shortlisted to buy Virgin Australia

Four private equity firms are the leading candidates to buy Virgin Australia, the biggest regional casualty of the coronavirus crisis in the global aviation industry.

19 potential buyers for embattled airline

Virgin Australia’s administrator says 19 parties interested in purchasing the airline have been granted access to a data room as of May 11.

Grounded Virgin jets at Adelaide Airport. Photo: Tony Lewis/InDaily

Crash landing: Virgin enters administration

Troubled airline Virgin Australia has entered voluntary administration after the debt-laden business was crippled by coronavirus restrictions, with up to 15,000 jobs left up in the air.

Administrator confirms Rundle Mall Harris Scarfe to close after 170 years

UPDATED | Adelaide-founded department store Harris Scarfe will close its Rundle Mall store next month after 170 years trading, among 20 other stores set to shut across the country, the company’s administrators confirmed this afternoon.

Harris Scarfe another retail casualty of tighter times

Adelaide-founded retail chain Harris Scarfe, which was placed into voluntary administration yesterday, is the latest victim of Australia’s increasingly hostile retail environment – and Christmas trading is unlikely to offer much relief to rivals.

Hope for Rigoni’s Bistro as potential buyers line up

More than a dozen parties have expressed interest in buying Adelaide power restaurant Rigoni’s Bistro, which continues to trade as administrators attempt to secure its sale.

Dick Smith placed in administration

UPDATED: Troubled electronics retailer Dick Smith has been placed in voluntary administration after failing to secure a funds injection from its banks.