Twenty-two franchisees face an uncertain future as administrators work to determine the fate of poultry producer and retailer Red Lea Chickens, which collapsed into voluntary administration last Thursday.
The Western Sydney business has been trading for over sixty years, according to its website, and has a processing plant employing 500 staff members, as well as six company-owned stores and 22 franchised sites.
However, the business confirmed on its website last week that it had called in administrators McGrath Nicol to Red Lea Chickens Pty Ltd and associated entities. The company informed customers that, due to the financial position of the companies, we regret to advise that the administrators are unable to trade the business and o…
Read the full article at: https://www.smartcompany.com.au/business-advice/franchising/red-lea-chickens-voluntary-administration/