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Showing posts from July, 2012

Voluntary liquidation - Darrell Lea's

Darrell Lea's administrators are hoping they can save hundreds of jobs and find a buyer for the famous chocolate maker. In shocking sour news Darrell Lea appointed PPB Advisory as voluntary administrators amid fears the company is in deep financial distress.Workers to lose jobs with Darrel lea Liquidation FearsThe company is 100 per cent owned by the Lea family.A review of Darrell Lea's business was underway in the hope a buyer could be found for the company which is in distress with its 700 workers at risk of losing jobs. Darrell Lea had been experiencing trading problems for some time, with soft retail conditions like playing a part in its downturn and subsequent voluntary liquidation. Darrell Lea employs about 700 people at its Sydney manufacturing base and at its 1800 shops across Australia, New Zealand and the United States.There have been media reports of Potential bidders from Australia and overseas that have already expressed interest in the 85-year-old company. The un…