G-Star Australia collapses, 200 jobs lost as retailer fails to find a buyer

-

 The administrators of denim retailer G-Star Australia have been unable to find a buyer for the business, effectively sacking 200 workers in the process.

G-Star Australia entered administration in May, citing tough retail conditions that were exacerbated by COVID-19 restrictions.

Administrators Justin Walsh, Stewart McCallum and Sam Freeman of Ernst & Young were appointed to investigate solutions to save the retailer.


Read more: https://www.9news.com.au/national/australia-retail-news-no-buyer-found-for-gstar-200-jobs-lost/0bccd568-556c-4693-9288-c1f5fd8af94e

Comments

Post a Comment

Popular posts from this blog

How To Pack Home Audio And Home Theatre Equipment When Moving

-
Image
 Hello friends, Moving to a new home is challenging and when you have home audio and home theatre equipment it can become extremely difficult. Therefore, you must seek the assistance of professional removalists in Melbourne for handling and transporting the various electronics without damage or loss. Additionally, you must pack each part securely to ensure it can remain safe and intactduring transit. If you have the original packing materials and know how to secure the components,then great! Otherwise use this complete home audio and home theatre equipment packing guide to learn what to do. So, read it now! https://www.betterremovalistsmelbourne.com.au/how-to-pack-home-audio-and-home-theatre-equipment-when-moving/
Read more

Small Business Bookkeeping Essentials Basics You Can't Ignore

-
Image
Hi All, It has been a few months since I started my own law firm. Besides taking care of my clients and cases, I am bogged down by the accounting work. Also, I have hired a few staff members to help out on the increasing workload which leaves me with no time to keep track of the accounting. So I hired an amateur bookkeeper to take care of the work. After looking at the first reports and books, I realised that I had no clue about bookkeeping. So I sat down with him to understand the stuff and got a hang of it. If you too want to know about a few bookkeeping basics, then take a look at the article shared below.         https://www.agibookkeeping.com.au/small-business-bookkeeping-essentials-basics-cant-ignore/
Read more

DIFFERENCE BETWEEN PERIODIC AND PERPETUAL INVENTORY SYSTEM

-
Image
  Hello All, The moment I saw my bookkeeper working on the inventory, I was amazed. I wanted to know everything about the system being used as I had not used a digital system for this purpose earlier. He told me that inventory management could be done in two ways – periodic and perpetual. While the periodic inventory management system required physically doing the stocktake after every few months or at the end of the year, perpetual needed a computer system to update all the transactions at the unit level in real-time. There are several other differences between the two systems, and here is an article that will clear all your doubts. https://www.agibookkeeping.com.au/difference-between-periodic-or-perpetual-inventory-system/
Read more