Nourish Foods has entered voluntary administration after an investment deal with a major retailer collapsed. The healthy snack company had stalled its third equity raise to pursue the agreement.
In a letter to investors, founder and CEO Monica Meldrum said, After 18 years of trading and leading the market with product innovation and driving forward the role of socially conscious business in Australia, we are devastated we have come to this point; not only personally, but also for the incredible support we have received from investors, our suppliers and our customers.
Founded in 2005, Nourish Foods was the first Australian food company to achieve B Corp certification.
Its first brand was …
Read the full article at: https://www.foodanddrinkbusiness.com.au/news/nourish-foods-enters-voluntary-administration
