One of Australias oldest chocolate brands, Ernest Hillier Chocolates, has gone into voluntary administration. Its parent, Chocolate & Confectionery Company, said rising raw materials and shipping costs had significantly impacted margins.
Alan Walker and Glenn Livingstone from WLP Restructuring Partners have been appointed as the administrators and are seeking urgent expressions of interest from parties that could recapitalise or acquire the business and its assets.
The administrators are moving with urgency because manufacturing has been stopped and all 20 employees stood down.
Walker said, Its unfortunate that such a storied chocolate manufacturer has encountered distress amid rising operating costs, but we are working with all stakeho…
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