Posts tagged "business collapses"

Homewares and multicooker retailer Instant Brands has collapsed and filed for bankruptcy protection as mounting debt threatens its operations.

Australian company Munro Footwear Group (MFG) has rescued New Zealand kids’ shoe company Bobux International from receivership.

Online alcohol retailer BoozeBud has called in the administrators, becoming the latest Australian startup to falter as economic conditions turn against consumer-facing business.

Bobux International has been placed in receivership after Covid-related supply chain issues, overstocking and an IT system revamp pushed the business to collapse.

Luxury footwear and streetwear retailer Sneakerboy is now under the administration of Hamilton Murphy Advisory, ASIC states.