
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.
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.
Virgin Australia’s administrator says 19 parties interested in purchasing the airline have been granted access to a data room as of May 11.
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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.
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.
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.
UPDATED: Troubled electronics retailer Dick Smith has been placed in voluntary administration after failing to secure a funds injection from its banks.