It's NOT just China collapsing.

Australia’s embattled construction sector has entered the post-holiday season insolvency danger zone with a thud.

In the industry’s first major blow for 2024, construction giant St Hilliers has gone into voluntary administration with work halted across its national pipeline of 21 active sites.

It has been revealed the Sydney-based group had injected more than $32 million of cash into its construction arm over the past seven months in a bid to avoid collapse.

https://theurbandeveloper.com/articles/industry-blow-as-danger-zone-claims-construction-giant-st-hilliers

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It's NOT just China

The future of Beaurepaires has been thrown into doubt with Australia's oldest and largest tyre retailer set to close 100 stores and lay off 700 workers.

The massive change comes after plans to sell Beaurepaires to a rival fell through.

Beaurepaires was founded more than 100 years ago in 1922 in Melbourne by former Australian Olympic swimmer and later politician, Sir Frank Beaurepaire.

The company is now owned by Goodyear Dunlop Tyres Australia, a subsidiary of the US-based Goodyear Tire and Rubber Company.

The company announced to the US Stock Market in September that its Australian and New Zealand stores would be overhauled by the end of 2024 to make them more profitable.

https://www.dailymail.co.uk/news/article-13059633/Beaurepaires-close-100-stores-lay-700-workers-future-Australias-oldest-tyre-retailer-remains-doubt.html