Troubled Ksubi finds buyer as liquidation looms large

FASHION is arguably best when it is a bargain. Ksubi, the Sydney-born streetwear label known as much for its jeans as the rats it once released on a runway, is poised to be bought for $5 million by a joint venture that includes one of its directors after creditors agreed to place the company in liquidation yesterday.

Bargain basement price for classy jeans designer

FASHION is arguably best when it's a bargain.

New child-care operator named today

ABC Learning's receivers are poised to announce new owners for the 705 viable child-care centres today as a public examination into the child-care operator's collapse gets under way in the Federal Court in Brisbane.

An unusual public exam

THE public examinations that are about to be held by ABC's administrators will be unusual in the respect that they will be conducted by an administrator and not a liquidator.

Debacle of ABC Learning unfolds

Creditors and investors are jockeying for what little remains, writes Colin Kruger.

Almond groves find a buyer

THE almond plantations of the failed agribusiness group Timbercorp have been sold to the Singaporean multinational food giant Olam International for $128 million.

Profit slumps but BlueScope upbeat

MELBOURNE-BASED BlueScope Steel said yesterday the "global liquidation steel sale" was over as it announced a 93 per cent drop in underlying profit for the past financial year.

Sneak peek - SAAB 9-5

SAAB may have been left behind in the ashes of the General Motors phoenix but GM engineers have not forgotten the Swedish brand, despite its impending sale to niche supercar maker Koenigsegg.

Allco receivers propose plan to get sale of aircraft moving

THE receivers of Allco Finance have put forward a novel plan to creditors of the failed asset management group aimed at circumventing its complex ownership structure which has held up the sale of its key aviation leasing business.

Opes Report Reveals Anz Sale Shortfall

ANZ Bank's controversial sale of a $920 million share portfolio from the Opes Prime collapse is not expected to recover the $550 million worth of loans that the bank provided on the stock, a report from Opes administrators has revealed.

Opes Fire Sale Poised To Start

A MASSIVE asset sale program will begin this week as the receivers to collapsed broker Opes Prime Group try to at least partially repay its clients.

Hallelujah, It's A Sale

For anyone poised to establish a new religion, weekend activity includes a trip to Bowral for the liquidation sale of the Zion Full Salvation Ministry. Clearly Bowral couldn't be completely saved. On site at the corner of Bannyette and Bong Bong Streets on Saturday at 11.30am, Tom McLean Auctions d

Beware: High Pressure Lines

"Main event" car sales promotions may be traps for unwary invitees, but organisers say they are a boon to both buyers and dealers. Check the figures, advises David Berthon. A flyer in the mail, addressed personally, invites you to a special liquidation sale of new cars. It can take the

There's Life After The Wind-up

"IT'S terrific", says Australia's most famous liquidator, Ian Ferrier, of what promises to be the liquidation of liquidators. Mr Ferrier, liquidator to the famous including Laurie Connell, Warwick Fairfax and Alan Bond, has just presided over what is the ultimate liquidation sale: the $

Venture Sale Goes Well For Creditors

Unsecured creditors to Venture Stores could now receive more than 50 cents in the dollar due to the success of the company's stock liquidation sale, according to one of the joint administrators, Mr Lindsay Maxsted. Mr Maxsted, an insolvency partner with KPMG Peat Marwick, said yesterday that di