Snaffle

Restructuring · Oceania

Property group Bathla collapsed with about $3.4 billion in liabilities; private credit lenders are selling and restructuring their exposure, including one major lender offloading most of its position in a Sydney apartment project.

Restructuring · Oceania

A decision to close FoodHQ in Palmerston North, framed as part of wider New Zealand science reform. A science advocate warns it could hamper food innovation and technology opportunities.

Restructuring · Oceania

Eleven Edge Early Learning is closing eleven childcare centres after failing to find buyers for them. This is a footprint contraction, not a sale of the business.

Restructuring · Oceania

Careteq, an ASX-listed company, is advancing its medication review technology following a business restructuring.

Restructuring · Oceania

SurfStitch, after a voluntary administration and Deed of Company Arrangement led by Olvera Advisors, has relaunched as a pure-play curated marketplace of about 75 mostly Australian brands. It is moving from a discount-led model to full-price core ranges with controlled promotional periods, and redesigning its operating model and technology platform.

Restructuring · Oceania

Lush will not continue leases on all 10 of its stores in Westfield shopping centres, a meaningful retail footprint contraction in Australia.