Australia's longest-running chocolate company collapses

  • 📰 SkyNewsAust
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 78%

Россия Новости Новости

Россия Последние новости,Россия Последние новости

The 109-year old business renowned in Australia for its premium couverture chocolates has gone bust and entered administration after succumbing to 'distress' amid soaring operational costs.

The iconic Ernest Hillier Chocolates - along with its parent Chocolate & Confectionery Company Pty Ltd - announced on Wednesday it had appointed administrators from business advisory firm WLP Restructuring after being faced with the threat of insolvency.

The business produced a range of more than 600 chocolates at its"significant" manufacturing facility in Coburg. Picture: Instagram. “We are working closely with all affected parties as we move with urgency to understand the business’ affairs and find a suitable buyer or investor. In 2015, the Melbourne-based business was placed into voluntary administration after being unable to bear an unsurmountable debt but re-emerged the following year and resumed manufacturing.

“The company operates a significant manufacturing facility in Coburg, and the Ernest Hillier and Newman’s brands have featured on the shelves of Australia’s supermarkets for many years,” Mr Walker said.

 

Спасибо за ваш комментарий. Ваш комментарий будет опубликован после проверки
Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

 /  🏆 7. in RU

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Australia’s economic market starting to ‘lose its patience’The market is really starting to “lose its patience” and the RBA might be starting to lose it as well, according to Judo Bank economic advisor Warren Hogan. “We’re going to get all these price rises on the 1st of July and we may not get that four per cent inflation result for this current year, the current forecast,” he told Sky News Business Editor Ross Greenwood. “We’re really opening the door here for an interest rate in Australia that’s got to match what we’re seeing in the United States and New Zealand.”
Источник: SkyNewsAust - 🏆 7. / 78 Прочитайте больше »