Administrators reveal which Max Brenner stores will close
AFTER a “detailed and urgent” review of the troubled chocolate and cafe chain’s operations, administrators have revealed which of the Queensland stores will be axed leaving staff jobless.
QLD Business
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NINE Queensland-based Max Brenner stores will close and their staff made redundant, following a “detailed and urgent” review of operations by administrators.
The review followed the appointment as voluntary administrators to Max Brenner on September 28.
Administrators to Max Brenner Australia – McGrathNicol Partners, Barry Kogan, Kathy Sozou and Jason Preston – yesterday advised that 20 of the 37 Australian stores would close from Monday, October 8.
“The decision to close stores is always regrettable but in this case we were left with no choice following a store-by-store review of Max Brenner operations,” Administrator Mr Kogan said.
“The remaining 17 stores in the Max Brenner network will stay open and it will be business as usual in these stores.
“These stores are profitable and will be offered for sale or recapitalisation.”
Stores at Newstead, Hamilton, Milton, Townsville, Toowoomba, Southport, Rockhampton, Coolangatta and Carindale will all close.
Meanwhile, Surfers Paradise, Robina and South Bank outlets will remain open.