INSOLVENCIES SURGE AMID ECONOMIC DISRUPTION

In the past two financial years insolvencies in Australia have climbed dramatically compared to pre-pandemic levels, disproportionately affecting small and medium businesses such as hospitality. The post-pandemic business in Australia is battling change across multiple areas, seeing increases in interest

ST HOTEL ST KILDA SINKS INTO LIQUIDATION

The star-studded St Hotel St Kilda has slipped into liquidation, said to be owing $1.7m to creditors. Landlord to the pub business, Chris Maiotis, who is also a director of the failed entity, reportedly took possession due to unpaid rent,