Is This The End Of Max Brenner In Australia?
We have bad news gourmet choccy fans.
Upmarket chain Max Brenner's Australian business has gone into voluntary administration.
McGrathNicol, has been appointed as administrator, and in some good news say that Max Brenner's 37 Aussie stores will continue to operate as normal.
The Australian arm of Max Brenner employes 600 staff and is owned and run by husband and wife team Tom and Lilly Haikin.
There are currently 15 stores across NSW, 12 in Queensland, five in Melbourne, two in the ACT and Western Australia, and one each in South Australia and the Northern Territory.
Max Brenner's collapse follows several other food chains and retailers facing financial difficulties including Jamie Oliver's chain of six Jamie's Italian restaurants going under earlier this year, while Retail Food Group - which owns Gloria Jeans and Donut King - lost $306 million last year.