In Brief Archive
BISG membership to maintain 'retailing perspective' following Cain's departureAn official from the Department of Innovation, Industry, Science and Research has told the Weekly Book Newsletter that Minister Kim Carr 'is...
Borders no longer part of Westfield online Archive
Westfield has confirmed that Borders is no longer part of the Westfield online shopping mall which launched late last year. A spokesperson for Westfield told the Weekly Book Newsletter that...
REDgroup Administration: Administrators take 25 A&R franchises to court; 16 Borders stores to close; NZ airport stores sold; Cain, Smith leave REDgrou Archive
The Supreme Court of New South Wales is expected to announce a hearing date tomorrow in the legal case between REDgroup Retail administrators Ferrier Hodgson and the 25 Angus & Robertson (A&R)...
Cain, Smith leave REDgroup Archive
REDgroup administrators Ferrier Hodgson have confirmed to the Weekly Book Newsletter that Steven Cain has stepped down from his position as chairman of the Group. A spokesperson for Ferrier Hodgson...
REDgroup administration: 16 Borders stores to close in Australia, 510 staff affected Archive
REDgroup administrators Ferrier Hodgson has announced that it will close 16 Borders stores in Australia. The closures will affect 510 staff and leave just nine Borders stores in Australia. The closures are...
REDgroup administration: 25 A&R franchises terminate agreements, go independent Archive
Twenty-five Angus & Robertson (A&R) franchises have announced today that they have formally terminated their franchise agreements with the REDgroup Retail owned company. The A&R stores which will now operate...
REDgroup administration: Gift cards must be redeemed by 3 April; Unsecured creditors ‘unlikely’ to receive dividends if companies liquidated Archive
Administrators Ferrier Hodgson announced last week that REDgroup Retail customers have until 3 April to redeem Angus & Robertson (A&R) and Borders gift cards in store. In a document entitled 'Updated Gift Card...
REDgroup administration: Gift cards must be redeemed by 3 April; Unsecured creditors ?unlikely? to receive dividends if companies liquidated Archive
Administrators Ferrier Hodgson announced today that REDgroup Retail customers have until 3 April to redeem Angus & Robertson (A&R) and Borders gift cards in store. In a document entitled 'Updated Gift...
REDgroup administration: 26 head-office staff made redundant; further redundancies, store closures possible Archive
Administrators Ferrier Hodgson announced further redundancies for the Australian companies of REDgroup Retail at the end of last week, with more than 20 head-office staff affected. Ferrier Hodgson said in...
REDgroup administration: 26 Australian head office staff made redundant; further redundancies, store closures possible Archive
Administrators Ferrier Hodgson have announced further redundancies for the Australian companies of REDgroup Retail today, with more than 20 head office staff affected. Ferrier Hodgson said in a statement this...
REDgroup Administration: Convening period for second meetings of creditors extended; REDgroup NZ for sale; More info for prospective buyers released Archive
The Federal Court of Australia has this week extended the period within which administrators Ferrier Hodgson must convene a second meeting of creditors for the Australian companies of REDgroup Retail....
REDgroup administration: REDgroup Australia for sale; 37 A&R stores, 1 Borders store in Oz to close; 321 staff affected Archive
Administrators Ferrier Hodgson has announced it is seeking expressions of interest for the Australian-based companies of REDgroup Retail.In an advertisement in yesterday's Australian Financial Review, the administrators encouraged 'all interested parties' to submit expressions...
REDgroup Administration: Employee entitlements ‘priority’ ranked Archive
In an updated circular to REDgroup employees affected by the recently-announced store closures, the Group's administrators Ferrier Hodgson have said that staff entitlements accrued from 17 February, the date of...
RedGroup administrators: staff owed $7.8 million, unsecured creditors $44 million Archive
The administrators of REDgroup Retail held the first creditors' meetings in Melbourne and Auckland yesterday. Key pointsstaff owed $7.8 millionunsecured creditors owed $44 millionPEP owed $118 million$120 million in stock on...
In Brief Archive
NZ playwright awarded writers' residency New Zealand playwright Michelanne Forster is the recipient of this year's University of Auckland / Creative New Zealand writing residency at the Michael King Writer's...
RedGroup administrators: staff owed $7.8 million, unsecured creditors $44 million Archive
The administrators of RedGroup Retail held first creditors' meetings in Melbourne and Auckland today. Key pointsstaff owed $7.8 millionunsecured creditors owed $44 millionPEP owed $118 million$120 million in stock on...
REDgroup voluntary administration: PEP owed 75% of money owed to non-staff creditors, creditors meetings announced, industry responses Archive
Administrators Ferrier Hodgson has confirmed that 75% of the money owed by REDgroup Retail to non-staff creditors is owed to the group's owner Pacific Equity Partners (PEP).As reported in a special bulletin...
REDgroup administrators release date of creditors meeting; information documents available for employees, creditors, franchisees and suppliers Archive
Administrators Ferrier Hodgson has announced today that concurrent meetings of REDgroup Retail creditors will take place in Melbourne and Auckland on 1 March. In a circular to creditors, which is now...
REDgroup enters into voluntary administration Archive
REDgroup Retail, owners of Angus & Robertson and Borders stores in Australia, and Whitcoulls stores in New Zealand, has been placed into voluntary administration. The company called in administrators Ferrier...
REDgroup enters into voluntary administration Archive
REDgroup Retail, owners of Angus & Robertson and Borders stores in Australia, and Whitcoulls stores in New Zealand, has been placed into voluntary administration, reports The Sydney Morning Herald. The...
