Coles made a last-minute offer to push more goods through Scott’s Refrigerated Logistics in a bid to prop up the failing trucking company, but baulked at providing additional unsecured funding ahead of its collapse.
Sources who spoke on condition of anonymity as they were not authorised to speak publicly told The Australian Financial Review that Anchorage Capital Partners, the ultimate owner of Scott’s, had been working with the supermarket giant since December in the hope of securing the group.