Toys ‘R’ Us Australia will wind down after all potential buyers pulled out of purchasing the failed toy retailer, administrators said Wednesday.
A judge has dismissed an appeal of a ruling that blocked five Westpoint Group units from requiring Corrs Chambers to turn over invoices for the work the firm performed for the companies’ receivers.
The Queensland Supreme Court has frozen more than $200 million in personal assets of mining tycoon and former MP Clive Palmer, in a case brought by the liquidators of failed Queensland Nickel.
Just two months after the retailer announced it would close down all of its US and UK stores, the Australian unit of Toys ‘R’ Us has announced it has gone into voluntary administration.
The Federal Court judge overseeing the sale of Billabong has set a March date for a meeting of shareholders to weigh the company’s proposed sale to surfwear rival Boardriders.