Celebrity chef Adriano Zumbo’s dessert empire will continue trading while under voluntary administration, the group’s administrator says.
DW Advisory principals Justin Holzman and Anthony Elkerton were appointed voluntary administrators on July 22 to manage three of Mr Zumbo’s businesses, which reportedly owe millions to creditors.
“We are hopeful that there will be a restructure by way of a deed of company arrangement,” Mr Holzman told AAP on Thursday.
“That’s something we are investigating over the course of the next two weeks and we will be providing creditors with a further report in two weeks’ time.”
Read the full article at: https://www.afr.com/lifestyle/food-and-wine/fine-dining/adriano-zumbos-company-will-continue-to-trade-while-in-voluntary-administration-20180802-h13gie