Australia’s oldest chocolate company Ernest Hillier Chocolates has collapsed into voluntary administration again, with dozens of employees set to lose jobs. 7NEWS
company Ernest Hillier Chocolates has collapsed into voluntary administration again, with dozens of employees set to lose jobs.
The Melbourne-based business, which manufactures more than 600 chocolate products, announced on Wednesday it had appointed voluntary administrators after struggling to keep up with operating costs.Looking for a new job or job candidate? Post jobs and search for local talent onAlan Walker and Glenn Livingstone of WLP Restructuring Partners were appointed as voluntary administrators to Chocolate & Confectionery Company Pty Ltd, which owns Ernest Hillier Chocolates.
“It’s unfortunate such a storied chocolate manufacturer has encountered distress amid rising operating costs, but we are working with all stakeholders to do everything possible to save this iconic brand,” Walker said. “We are working closely with all affected parties as we move with urgency to understand the business’ affairs and find a suitable buyer or investor.”Credit:It marks the second time the company has gone bust.
In January 2015, the previous owners went into voluntary administration citing rising cocoa prices and increased competition, but emerged several months later and went on to produce goods.Your cookie settings are preventing this third party content from displaying.
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