Posts tagged "collapse"

Ernest Hillier Chocolates has entered voluntary administration for a second time, with the rising cost of raw materials and shipping squeezing its margins.

INKPAY, a buy now, pay later platform dedicated to tattoos has collapsed into administration, after claiming the cost of new regulations which treat BNPL like a traditional credit product will be too much to bear.

Instant delivery startup Milkrun failed because it could not compete against platforms offering riders lower pay and worse conditions, says the Transport Workers Union.

Gourmet ready-meal and pantry goods delivery service CoLab has called in the administrators, becoming the latest direct-to-consumer food platform to stumble in a rapidly changing Australian market.

Despite the collapse, Ecolateral CEO Jamie Stott is hopeful its flagship store could be revitalised under new ownership.

Melbourne fresh produce delivery service YourGrocer will cease operations on Friday, exiting the hard-hit market just days before the Christmas rush.

The Australian-born, San Francisco-based firm invested in FTX as part of its third fund, which closed in September.

The ATO is accelerating its use of company wind up applications, risk reporting firm Alares says, suggesting the return to pre-pandemic compliance measures is well and truly underway.

Staff at Australian tech startup Metigy say they are "shell-shocked" by the news of its administration, a move which has impacted 75 employees and appeared to take industry onlookers by surprise.

The administrator for collapsed footwear retailer Sneakerboy is "urgently" reviewing its stock levels as customers raise concerns about delayed deliveries and frayed communication with the company.

Extremely low insolvency rates through the COVID-19 pandemic mean there is now a "backlog", Creditorwatch CEO Patrick Coghlan says.

To understand the answer, you need to know what a content delivery network (CDN) is and how crucial they are to the smooth running of the internet.