Australia’s would-be Willy Wonka, Adriano Zumbo, is in a fight for the future of his sweet-laced empire after his company was placed in voluntary administration.
Administrators appointed to companies in which the dessert king is a director held a creditors’ meeting in Sydney on Wednesday morning.
While the administrators and Zumbo were unavailable for comment, attendees at the meeting who included a smattering of landlords and trade creditors were told debts could reach as high as $10 million. But that could be offset by assets, including equipment and company owned property, to the tune of $8 million.
The administrators confirmed the Zumbo empire, with eight stores in Sydney and Melbourne, remains open and will continue to tra…
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