Sumo Salad’s battle with landlords takes its toll, administrators in charge.
The battle with retail landlords has taken its toll on the Sumo Salad group which has been placed in the hands of voluntary administrators for the second time in a little over a year.
Morgan Kelly and Peter Gothard, of Ferrier Hodgson, have been given control over 85 stores in the healthy-alternative fast-food group.
The reasons for the move are understood to stem from legacy debts, but many analysts are also pointing to poor retail trading conditions and high rents impacting the viability of similar businesses.
The latest development comes on the heels of Sumo Salad co-founder and CEO Luke Baylis placing two Sumo Salad subsidiaries into volu…
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