Gourmet food retailer Jones the Grocer has collapsed into voluntary administration for the second time.
PPB Advisory were this afternoon appointed as administrators to JTGS, which is the Australian operator of the four remaining Jones the Grocer and Becasse stores in Australia. The sole shareholder of JTGS is L Capital Asia, the private equity arm of fashion powerhouse and luxury goods retailer Louis Vuitton Moet Hennessy.
It follows the appointment of administrators to Jones the Grocer, Becasse and sister company Charlie & Co in December 2014.
However, the latest appointment does not involve the Charlie & Co burger chain, which SmartCompany understands in in the process of being sold by L Capital Asia.
The administration also does not include related entity Senselle Food Distribution, which was also sold by L Capital Asia during the past 12 months, or the global operations of Jones the Grocer, including stores in New Zealand, Singapore, Thailand, Qatar and the United Arab Emirates.