Aussie Farmers Direct has gone into voluntary administration. The food delivery company blamed competition with major supermarkets and the influx of cheap imported produce for its demise.
The 13-year-old business will close immediately, affecting about 100 franchisees, 260 employees and 100,000 customers around the country. No future orders will be delivered and refunds will be issued, the company said.
KordaMentha has been appointed voluntary administrators and said Aussie Farmers Direct had made attempts to recapitalise, find strategic partners, or sell the business. All of which failed to safeguard the companys future, according to Craig Shepard of KordaMentha restructuring.
Unfortunately, it is not possible to continue trading and the b…
Read the full article at: https://which-50.com/ecommerce-company-aussie-farmers-direct-goes-voluntary-administration/