Jenny Craig Australia's last-ditch attempt to save business

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Jenny Craig Australia's last-ditch attempt to save business
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Jenny Craig has appointed voluntary administrators in a bid to save its Australia and New Zealand companies, after plans in the United States to secure a buyer fell flat.

The announcement comes just days after Jenny Craig Australia’s parent company in the United States filed for bankruptcy after acquisition plans to “secure additional financing” fell through.

Jenny Craig Australia and New Zealand has entered a voluntary administration process with FTI Consulting. Picture: Getty Images via AFP “We are working with the Australian and New Zealand leadership team to trade the businesses with a view to attracting new capital to restructure the Australian and New Zealand companies."

The notice indicated workers would receive their final pay including being compensated for any accrued leave.

 

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