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

  • 📰 SkyNewsAust
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 78%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 7. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Jenny Craig Australia enters voluntary administration after US business files for bankruptcyAdministrators have been appointed to oversee operations for Jenny Craig Australia and New Zealand less than a week after the US company filed for bankruptcy.
Source: abcnews - 🏆 5. / 83 Read more »

Jenny Craig’s Australian business calls in administratorsWeight loss company Jenny Craig’s Australian and New Zealand operations have officially folded, just five days after reassuring the public that they were “currently [continuing] to operate and support our clients”.
Source: theage - 🏆 8. / 77 Read more »

Jenny Craig’s Australian business calls in administratorsWeight loss company Jenny Craig’s Australian and New Zealand operations have officially folded, just five days after reassuring the public that they were “currently [continuing] to operate and support our clients”.
Source: brisbanetimes - 🏆 13. / 67 Read more »