Until former auditor PricewaterhouseCoopers finally withdrew its threat of litigation on Friday against the scheme of arrangement that stapled all the old Centro entities together to form the new aggregated structure, the fate of Centro Retail remained unsure.
Centro retail trust
Fourteen more join the billion dollar loss club
The numbers are in and it’s now official: 2008-09 was the worst profit season in Australian history. Who would have ever thought 14 different companies could lose more than $1 billion in a single financial year?
The Centro crack-up, one year on
It was a year ago this week that the credit crunch finally and conclusively bit Australian markets, writes Glenn Dyer.
