Rocky road: The scene outside Darrell's Lea's Kogarah factory today. Picture: John Veage
More will be known about Darrell Lea’s bankruptcy after the administrators’ press conference in the city today at 2.30pm.
Darrell Lea directors today appointed PPB Advisory as voluntary administrators of the business.
PPB Advisory’s appointment follows an ongoing review of the business and their concerns about Darrell Lea’s ability to meet its ongoing financial obligations.
Mark Robinson of PPB Advisory said: “We are undertaking an urgent review of the business with a view to preparing Darrell Lea for sale as a going concern. The owners of the business have agreed to provide some short term financial support whilst we undertake this process.
“We will work with all stakeholders including employees and their representatives, licensees, customers and suppliers to ensure the business continues to operate effectively.”
PPB Advisory will update all stakeholders on any meaningful developments as soon as practicable.
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