Major food business goes bust

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A nationalist nutrient manufacturing business, which appears to person much than 500 unit moving for it, has gone bust.

Four businesses that marque up the HS Fresh Food marque appointed administrators precocious past week.

Those companies are HS Fresh Food Pty Ltd, HS Fresh Food Holding Pty Ltd, HS Fresh Farms Pty Ltd and HS Salads Pty Ltd.

Headquartered successful Tasmania, the HS Fresh Food Group has operations successful 5 states, successful NSW, Queensland, South Australia, Tasmania and Western Australia.

It specialises successful supplying ready-made deli foods and salads to supermarkets, including Woolworths, Coles and IGAs, among others.

The caller nutrient institution has respective well-known brands nether its banner – Houston’s Farm, which is wherever the concern started from, Sunfresh and Gourmet Selections.

Ben Campbell, Joanne Dunn and Vaughan Strawbridge of restructuring steadfast FTI Consulting person been appointed arsenic administrators.

The insolvency assignment was filed with ASIC connected Monday.

FTI Consulting said the radical of businesses was a “leading player” successful the nutrient industry.

Operations astatine HS Fresh Food volition proceed portion administrators look to restructure oregon merchantability the business.

“We are moving with HS Fresh Food Group’s absorption squad and staff, and different stakeholders to proceed operations portion we unafraid the aboriginal of the business,” Mr Strawbridge, 1 of the appointed administrators, said.

He added that helium was “exploring each options available” to prevention the business.

News.com.au has asked however galore unit worked for the institution and the archetypal estimates of its assets and liabilities.

According to LinkedIn, the hospitality radical has betwixt 500 and 1000 unit moving there.

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A fig of large Australian hospitality businesses are falling implicit amid the turbulent economical times.

At the extremity of past month, BCN Events Group entered liquidation. It was a Brisbane-based hospitality radical which operated 7 venues specialising successful bakery goods.

In May, a fashionable edifice successful Sydney, Lucky Kwong, headed by iconic cook Kylie Kwong, announced it was shutting down.

That aforesaid month, the Botswana Butchery concatenation which operated arsenic a high-end steak edifice crossed 3 cities went bust, with debts of much than $23 cardinal and much than 200 unit sacked.

Last month, aft 18 years successful business, Melbourne Asian fusion edifice Gingerboy unopen down blaming “market pressures since Covid lockdowns”.

News.com.au besides precocious spoke to a hospitality insider who said helium was deciding if helium was going to liquidate his concern successful the adjacent 48 hours due to the fact that things were truthful dire.

A fig of different restaurants person joined the increasing heap of corpses, including Japanese concatenation Sushi Bay, Elements Bar and Grill and 3 stores successful Sydney edifice franchise Bondi Pizza.

Late past year, limb of large Victorian catering business, Legacy Hospitality Group, went bust with debts successful excess of $1.7 million.

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