Click Frenzy, Power Retail enter liquidation, blaming Iran war

Harry Booth

6th Apr 2026

Global Marketplace’s two companies have entered liquidation, with the e-commerce giant looking to divest.

Both Click Frenzy and Power Retail’s websites now show a black screen with a message stating the company is in liquidation. At the same time, a liquidation notice for Power Retail has been published on the Asic portal.

Global Marketplace – of which Grant Arnott is the majority shareholder – has commenced a sale process. Wexted Advisors were appointed as receivers and managers of both Click Frenzy and Power Retail, while RSM Australia is handling the liquidation process.

“Our immediate focus is stabilising operations while we assess the financial position of the companies,” said Andrew McCabe of Wexted Advisors. 

“We understand the director has already commenced the sale process and encourage any interested party in Click Frenzy or Power Retail to contact Wexted Advisors to access the data room and discuss the opportunity to acquire the businesses and their assets.”

Investment firm Tanarra Capital, which once held a 40 per cent stake in Global Marketplace, told Internet Retailing that it no longer holds a stake in the business, parting ways some time ago. We also understand that Power Retail staff were shocked by the business’s collapse, citing a lack of communication.

The receivers maintain that they are still operating the business, with the Click Frenzy website operational again over Easter.

Wexted Advisors said that both businesses had a combined annual revenue of around $7 million. “The appointment follows the recent online travel event, where revenue has been negatively impacted by the US-Iran conflict, contributing to the cashflow challenges,” an announcement added.

However, it noted the collapse “does not affect consumers who may have made bookings during the event, as any bookings are made directly with the travel service provider, not Click Frenzy”.

The administrators said that Click Frenzy had around 1.5 million consumers in its database, claiming it to be the number one online shopping event platform. For Power Retail, Wexted Advisors called its near-11,000 subscribers “enviable”.

Last year, Global Marketplace closed its Grab One subsidiary in New Zealand, before it was relaunched after an acquisition in March.