Chocolate cafe business Max Brenner has fallen into voluntary administration, becoming the latest victim of difficult market conditions in recent months.
McGrathNicol were appointed voluntary administrators of the business on Sunday and have said the companys 37 stores will continue to trade while the business is reviewed.
The jobs of about 600 staff have been made uncertain by the administration, which follows a wind-up notice issued with ASIC on September 14.
McGrathNicol partners Barry Kogan, Kathy Zosou and Jason Preston pointed to escalating costs and tighter retail trade as notable factors leading to the administration.
Administrators are assessing the possibilitythe business could either be sold or recapitalised.
The Australian…
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