UPDATE: Nuts About Tella has emerged from voluntary administration and is expanding with the addition of a new brand. Read about it here.
melbourne-based dessert-pizza retailer Nuts About Tella has become the latest dessert-focused retailer to fall victim to tough times, appointing voluntary administrators late last week.
Glenn Spooner and Sam Kaso of Cor Cordis have been appointed as administrators of the almost three-year-old business, which has two stores and a mobile food truck in Melbourne.
It comes less than a month after the collapse of Max Brenner, signalling ongoing pain for fast-food operators amid changing consumer habits and increasing costs.
Nuts About Tella was established in 2015 as a trendy brand looking to capitalise on renewed demand among millennials for high-quality dessert options, while also selling burgers and fries.
It has a store within La Trobe University’s Bundoora campus and another location in north Melbourne suburb Brunswick.
The Brunswick store, which was a longstanding ‘pop up’, recently closed, with the business telling customers on social media it was hoping to make the store permanent.
Nuts About Tella also trades through meal delivery platform Uber Eats and a roaming food truck.
