Overview
- Ankura partners Quentin Olde, Luke Pittorino and Liam Healey have taken control as receivers and managers.
- Operations will continue trading for now, with franchisees stated as not impacted by the appointments.
- Customer orders paid in full or in part will be honored in the ordinary course unless stock is unavailable, according to the company and receivers.
- Gift cards have been heavily restricted, with customers required to pay $2 in cash for every $1 redeemed from a voucher, as reported by news.com.au.
- The retailer runs 68 company-owned stores and 27 franchise outlets across Australia and employs about 500 staff.