MissChu, the popular Vietnamese tuckshop and catering business, has gone into voluntary administration. In a statement from KordaMentha, the company appointed as administrators, MissChu’s financial pressures appeared to be caused by “the lack of controls over fixed costs in the business, the expansion of the retail tuckshops through trading and the closure of the Opera…
melbourne chocolate business Ernest Hillier has been placed in administration after more than 100 years of making confectionery. The company was established in sydney‘s Pitt Street in 1914 and is believed to have been Australia’s first chocolate maker. The company survived the Great Depression, which saw chocolate sales plummet, and relocated to Melbourne where it…
Celebrity chef George Calombaris’ family property in melbourne’s affluent Toorak has been listed for sale, as his restaurant empire is facing voluntary administration. Calombaris’ Made Establishment group, which employs about 500 staff at its 18 restaurants, is expected to make a decision on whether or not it will go into voluntary administration after a meeting…
Celebrity chef George Calombaris has put much of his restaurant empire into voluntary administration. Advisory and investment firm KordaMentha has been appointed as administrators of 22 companies in the Made Establishment Group. Calombaris’ Made Establishment group, which KordaMentha says operates 12 restaurants and food venues in melbourne, is going into voluntary administration after a meeting…
VFX and post-production business Cutting Edge has officially entered into a Creditors’ Voluntary Liquidation, less than a year after being announced as one of the first recipients of the Queensland Government’s $5 million Capital Grants program. According to a public notice from the Australian Securities and Investments Commission (ASIC), the company was placed into liquidation…