REDgroup administration: Employees at Australian distribution centre and head office made redundant
REDgroup Retail administrators Ferrier Hodgson have confirmed that close to 40 employees at the company's Australian distribution centre and head office were made redundant last week. A spokesperson for Ferrier...
REDgroup administration: Employees at Australian distribution centre and head office made redundant
REDgroup Retail administrators Ferrier Hodgson have confirmed that close to 40 employees at the company's Australian distribution centre and head office were made redundant last week. A spokesperson for Ferrier...
REDgroup administration: Six more A&R stores to close; Further redundancies expected at Oz head office; Bennetts chain sold in NZ
REDgroup Retail administrators Ferrier Hodgson announced on 27 April that a further six Angus & Robertson stores will close as part of the administration process. The store closures, which are...
REDgroup administration: Eight NZ stores sold
REDgroup administrators Ferrier Hodgson announced on 29 April that it has sold the Bennetts business in New Zealand. Ferrier Hodgson has sold eight Bennetts bookstores located in New Zealand universities to...
REDgroup Administration: Six more A&R stores to close
REDgroup administrators Ferrier Hodgson announced this week that another six Angus & Robertson stores will close as part of the administration process. The store closures, which are expected to take...
REDgroup Administration: Administrators take 25 A&R franchises to court; 16 Borders stores to close; NZ airport stores sold; Cain, Smith leave REDgrou
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
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: Administrators Ferrier Hodgson initiate court proceedings against 25 A&R franchise stores
In a statement last Friday, REDgroup administrators Ferrier Hodgson announced that they have initiated court proceedings against the 25 Angus & Robertson (A&R) franchise stores that announced on 5 April that they would...
REDgroup administration: 16 Borders stores to close in Australia, 510 staff affected
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: 12 more A&R stores to close
The administrators of REDgroup Retail have announced a further 12 Angus & Robertson stores will close. A press release from administrators Ferrier Hodson said the closures will result in 102...
REDgroup administration: Gift cards must be redeemed by 3 April; Unsecured creditors ‘unlikely’ to receive dividends if companies liquidated
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: 26 head-office staff made redundant; further redundancies, store closures possible
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
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
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
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
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 administration: No NZ closures in ‘initial phase’ of restructure, creditors’ committees appointed
REDgroup adminstrators Ferrier Hodgson have confirmed that no New Zealand bookstores would be closed and no redundancies were planned in New Zealand 'as part of the initial phase of the...
REDgroup administration: 37 A&R stores, 1 Borders store to close; 321 staff affected
REDgroup administrators Ferrier Hodgson have announced that 37 Angus & Robertson stores and one Borders store in Australia will close, ‘over the next three weeks’.‘A total of 321 REDgroup Retail...
REDgroup administration: 37 A&R stores, 1 Borders store to close; 321 staff affected
REDgroup administrators Ferrier Hodgson have announced that 37 Angus & Robertson stores and one Borders store in Australia will close, ‘over the next three weeks’.‘A total of 321 REDgroup Retail...
RedGroup administrators: staff owed $7.8 million, unsecured creditors $44 million
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...