[ad_1]
The sale puts an end to uncertainty about the future of the chain, which was put into operation last month. The directors closed 20 stores and put the remaining 17 on sale.
Husband Tom and Tamir and Lilly Haikin have ambaded a fortune after opening the first Max Brenner chocolate bar in Paddington, Sydney, in 2000.
The pair blamed rising costs and slowing retail trade for its collapse, but an expensive overhaul of the company's headquarters in Alexandria, south Sydney, also appears to have been a determining factor. The group's cash flow was so badly affected that it stopped paying a retirement pension in the last six months of 2016.
The collapse of the company caused a rush to influence the various creditors on its possible sale.
The sales process was abruptly halted last month when the owner of the main franchise, Max Brenner Industries, withdrew the license from the local company Max Brenner and successfully applied for the appointment of Mr. Sallway, liquidator of BDO.
Mr Sallway announced the sale of the company the next day to Queensland businessmen, David and Craig Tozer, but the deal collapsed before the end of the week.
Another creditor of Max Brenner, Glenn Wein, then appointed receivers on Max Brenner's property which he held as collateral for his loans. It was perceived as a decision to give him a place at the table for any eventual sale of the business.
Earlier this month, the Musaca family changed the name of one of their companies, Opera Developments Pty Ltd, into MC Chocolate Pty Ltd, according to documents filed at ASIC.
Source link
