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Video Ezy Express
Video Ezy was an Australian home video rental business that offered titles on VHS, DVD, Blu-ray and Ultra HD Blu-ray, as well as console video games, for rent. At its peak in the mid-2000s, Video Ezy had over 500 company-owned and franchised video rental shops in the country, and owned 40% of the Australian video rental market after taking over Blockbuster's Australian operations. The company also expanded internationally into New Zealand and Asia. In the late 2000s and 2010s the company saw significant store closures, and by 2020 the brand consisted solely of automated rental kiosks operating within Australia. In March 2021 Evolve Entertainment, the company managing Video Ezy's rental kiosks, entered liquidation. As with most video rental chains, the once dominant business's fall is attributed largely to the introduction of online streaming services. History Video Ezy commenced trading in 1983, when Kevin Slater opened his first store in the Sydney suburb of Hurstville ...
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Liquidation
Liquidation is the process in accounting by which a company is brought to an end in Canada, United Kingdom, United States, Ireland, Australia, New Zealand, Italy, and many other countries. The assets and property of the company are redistributed. Liquidation is also sometimes referred to as winding-up or dissolution, although dissolution technically refers to the last stage of liquidation. The process of liquidation also arises when customs, an authority or agency in a country responsible for collecting and safeguarding customs duties, determines the final computation or ascertainment of the duties or drawback accruing on an entry. Liquidation may either be compulsory (sometimes referred to as a ''creditors' liquidation'' or ''receivership'' following bankruptcy, which may result in the court creating a "liquidation trust") or voluntary (sometimes referred to as a ''shareholders' liquidation'', although some voluntary liquidations are controlled by the creditors). The ...
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Miranda, New South Wales
Miranda () is a suburb in southern Sydney, in the state of New South Wales, Australia. The suburb is known as a commercial centre for the southern suburbs. Miranda is 24 kilometres south of the Sydney central business district, in the Sutherland Shire. History Thomas Holt (1811–88) owned the land that stretched from Sutherland to Cronulla. James Murphy, the manager of the Holt estate named the area after Miranda, a character in the William Shakespeare play '' The Tempest''. In a 1921 letter, James Murphy said "the name Miranda was given to the locality by me as manager of the Holt Sutherland Company which I formed in 1881. I thought it a soft, euphonious, musical and appropriate name for a beautiful place." It is believed that the character in the play was named after Miranda de Ebro, a town in Spain. Early Australian explorer Gregory Blaxland was promised a significant parcel of land in the area as a reward for discovering a passage through the Blue Mountains. He had no ...
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Australian Competition & Consumer Commission
The Australian Competition and Consumer Commission (ACCC) is the chief competition regulator of the Government of Australia, located within the Department of the Treasury. It was established in 1995 with the amalgamation of the Australian Trade Practices Commission and the Prices Surveillance Authority to administer the '' Trade Practices Act 1974'', which was renamed the '' Competition and Consumer Act 2010'' on 1 January 2011. The ACCC's mandate is to protect consumer rights and business rights and obligations, to perform industry regulation and price monitoring, and to prevent illegal anti-competitive behaviour. Historical origins The ACCC's deeper origins are found in the Restrictive Trade Practices Act of Sir Garfield Barwick, Attorney-General in the Liberal Government of Sir Robert Menzies in 1965. Opponents derided Barwick's Trade Practices Act 1965 as "ineffectual". (The Act) did not declare any practices illegal ipso facto, but only did so after detailed investig ...
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Castle Harlan
Castle Harlan is a private equity firm based in New York City. The company focuses on buyouts and growth capital investments in middle-market companies across a range of industries. Founded in 1987, Castle Harlan invests in controlling interests in middle-market companies in North America and Europe, Australia and Southeast Asia through Castle Harlan Australian Mezzanine Partners. Castle Harlan's team of 18 investment managers has completed over 50 acquisitions since its inception with a total value of approximately $10 billion. The firm currently manages investment funds with equity commitments of approximately $3.5 billion. Castle Harlan has invested, through its five domestic funds, in more than 55 platform businesses that totaled over $11 billion of enterprise value. History Castle Harlan was founded in 1987 by John K. Castle, but its history goes back to the 1960s. During the 60s John Castle headed all of the private equity activities, including the Sprout Capital Group ...
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Private Equity
In the field of finance, the term private equity (PE) refers to investment funds, usually limited partnerships (LP), which buy and restructure financially weak companies that produce goods and provide services. A private-equity fund is both a type of ownership of assets ( financial equity) and is a class of assets (debt securities and equity securities), which function as modes of financial management for operating private companies that are not publicly traded in a stock exchange. Private-equity capital is invested into a target company either by an investment management company (private equity firm), or by a venture capital fund, or by an angel investor; each category of investor has specific financial goals, management preferences, and investment strategies for profiting from their investments. Each category of investor provides working capital to the target company to finance the expansion of the company with the development of new products and services, the restructurin ...
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Car Wash
A car wash, carwash, or auto wash is a facility used to clean the exterior, and in some cases the interior of motor vehicles. Car washes can be self-service, full-service (with attendants who wash the vehicle), or fully automated (possibly connected to a gas station). Car washes may also be events where people pay to have their cars washed by volunteers, often using less specialized equipment, as a method to raise money for some purpose. History 1946 The history of commercial car washes in the United States began in 1914. People used manpower to push or move the cars through stages of the process. The name is credited to Automobile Laundry in Detroit, Michigan, opened in 1914 by Frank McCormick and J.W. Hinkle . Manual car wash operations peaked at 32 drive-through facilities in the United States. The first semi-automatic car wash in the United States made its debut in 1946. A facility in Detroit, Michigan, used automatic pulley systems and manual brushing. 1955 Dan ...
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The Straits Times
''The Straits Times'' is an English-language daily broadsheet newspaper based in Singapore and currently owned by SPH Media Trust (previously Singapore Press Holdings). ''The Sunday Times'' is its Sunday edition. The newspaper was established on 15 July 1845 as ''The Straits Times and Singapore Journal of Commerce''. ''The Straits Times'' is considered a newspaper of record for Singapore. The print and digital editions of ''The Straits Times'' and ''The Sunday Times'' have a daily average circulation of 364,134 and 364,849 respectively in 2017, as audited by Audit Bureau of Circulations Singapore. Myanmar and Brunei editions are published, with newsprint circulations of 5,000 and 2,500 respectively. History The original conception for ''The Straits Times'' has been debated by historians of Singapore. Prior to 1845, the only English-language newspaper in Singapore was ''The'' ''Singapore Free Press'', founded by William Napier in 1835. Marterus Thaddeus Apcar, an Armenian ...
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Berjaya Corporation
Berjaya Corporation Berhad (; formerly known as the Berjaya Group Berhad, Inter-Pacific Industrial Group Berhad and Raleigh Berhad) is a Malaysia-based corporation which controls a wide array of businesses, including consumer marketing, Property development and investment, as well as hotels, resorts and recreation development. It also specialises in gaming and lottery management, food and beverage, motor trading and distribution, investment on environmental services and clean technology, finally telecommunication and information technology-related services and products. History Berjaya was previously known as Berjaya Kawat Berhad founded by Broken Hill Proprietary Ltd, Australia and National Iron & Steel Mills, Singapore. In 1984, Vincent Tan took a stake in Berjaya Industrial Berhad. In 1985, Tan bought 51% of Sports Toto from the Malaysian government. He then injected Sports Toto into Berjaya, swapping his shares in Sports Toto for a controlling stake in Berjaya. The shareho ...
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Australian Financial Review
''The Australian Financial Review'' (abbreviated to the ''AFR'') is an Australian business-focused, compact daily newspaper covering the current business and economic affairs of Australia and the world. The newspaper is based in Sydney, New South Wales, Australia; owned by Nine Entertainment and has been published continuously since its founding in 1951. The ''AFR'', along with the rest of Fairfax Media (aside from some publications which were sold to Australian Community Media), was sold to Nine Entertainment for more than A$2.3 billion.Mergermarket - An Acuris company. (n.d''.). Fairfax Media Limited Nine Entertainment Co. Holdings Ltd Merger.'' Retrieved from www.mergermarket.com/Common/Mergermarket/Deals/DealDetails.aspx?dealsysid=933952&extern=19&id=239512&contextid=1018456074&zone=205¤cyCode=AUD The ''AFR'' is published in tabloid format six times a week, whilst providing 24/7 online coverage through its website. In November 2019, the ''AFR'' reached 2.647 millio ...
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Queensland
) , nickname = Sunshine State , image_map = Queensland in Australia.svg , map_caption = Location of Queensland in Australia , subdivision_type = Country , subdivision_name = Australia , established_title = Before federation , established_date = Colony of Queensland , established_title2 = Separation from New South Wales , established_date2 = 6 June 1859 , established_title3 = Federation of Australia, Federation , established_date3 = 1 January 1901 , named_for = Queen Victoria , demonym = , capital = Brisbane , largest_city = capital , coordinates = , admin_center_type = Administration , admin_center = Local government areas of Queensland, 77 local government areas , leader_title1 = Monarchy of Australia, Monarch , leader_name1 = Charles III , leader_title2 = Governor of Queensland, Governor , leader_name2 = Jeannette Young , leader_title3 = Premier of Queensland, Premier , leader_name3 = Annastacia Palaszczuk (Australian Labor Party (Queensland Branch), AL ...
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New South Wales
) , nickname = , image_map = New South Wales in Australia.svg , map_caption = Location of New South Wales in AustraliaCoordinates: , subdivision_type = Country , subdivision_name = Australia , established_title = Before federation , established_date = Colony of New South Wales , established_title2 = Establishment , established_date2 = 26 January 1788 , established_title3 = Responsible government , established_date3 = 6 June 1856 , established_title4 = Federation , established_date4 = 1 January 1901 , named_for = Wales , demonym = , capital = Sydney , largest_city = capital , coordinates = , admin_center = 128 local government areas , admin_center_type = Administration , leader_title1 = Monarch , leader_name1 = Charles III , leader_title2 = Governor , leader_name2 = Margaret Beazley , leader_title3 = Premier , leader_name3 = Dominic Perrottet ( Liberal) , national_representation = Parliament of Australia , national_representation_type1 = Sen ...
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Capital (economics)
In economics, capital goods or capital are "those durable produced goods that are in turn used as productive inputs for further production" of goods and services. At the macroeconomic level, "the nation's capital stock includes buildings, equipment, software, and inventories during a given year." A typical example is the machinery used in factories. Capital can be increased by the use of the factors of production, which however excludes certain durable goods like homes and personal automobiles that are not used in the production of saleable goods and services. Adam Smith defined capital as "that part of man's stock which he expects to afford him revenue". In economic models, capital is an input in the production function. The total physical capital at any given moment in time is referred to as the capital stock (not to be confused with the capital stock of a business entity). Capital goods, real capital, or capital assets are already-produced, durable goods or any n ...
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