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collapsed

Why popular delivery service collapsed

The shock collapse of the once heralded start-up business MilkRun busted because of its rapid growth, according to an industry expert. The delivery company MilkRun will be permanently ceasing operations by Friday, leaving workers reeling…

Company collapsed owing $5m

A company that provided services to both Woolworths and Coles that spectacularly collapsed late last year owes $5 million to creditors, financial records have revealed.Melbourne-based REDcycle, which offered Australia’s largest…

Collapsed building company’s debts explode

A building company that sensationally collapsed earlier this month after it shut down its website and abandoned its construction sites has millions more debt than was first expected. On March 7, PBS Building, a multimillion-dollar firm…