Month of misery as restaurants and retailers fail High profile restaurants and retailers were among the 50 company failures over the past month but experts warn more corporate collapses are on the horizon.
Business by Glen Norris, Emmaline Stigwood 8th Jan 2021 12:39 PM
Premium Content
Subscriber only A steep increase in corporate failures is expected in the coming weeks as debt holidays introduced during COVID-19 come to an end. In December there were 46 company liquidations and five administrations across Queensland with high profile closures including national lingerie retailer Big Girls Don t Cry (Anymore), Noosa eatery Madmegs & Co and a key player in the job training sector Job Coaching Australia.
Senatorâs brother in $61m mine row Glencore appointed McGrathNichol as receivers of ICRAâs 12.5 per cent share in Rolleston in early December
News by Nick Evans
Premium Content
Subscriber only The brother of former federal resources minister Matt Canavan lodged a $61.7m claim against the coal company he controlled only weeks before mining major Glencore called in receivers to seize control of its share in a Queensland mine. Glencore called in McGrathNichol as receivers to ICRA Rolleston Pty Ltd over $35.2m in debts on December 8. ICRA bought a 12.5 per cent stake in the Rolleston coal mine from Japan s Itochu in 2018 for an undisclosed sum. Its sole director is John Canavan, brother of the former resources minister.