Adriano Zumbo’s company placed in voluntary administration

01 August, 2018 by
Hospitality Magazine

Adriano Zumbo’s dessert company Zumbo has been placed in voluntary administration according to a report by Good Food.

A creditors meeting was reportedly held by administrators on Wednesday morning in Sydney which was attended by landlords and trade creditors.

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According to Good Food, attendees were allegedly told debts could reach as high as $10 million but could be offset by assets including equipment and company-owned property totalling $8 million.

Zumbo currently has eight locations across Sydney and Melbourne and stores will continue to trade as normal.

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The pastry chef shot to fame thanks to his macarons and dessert creations including the V8 cake and the croquembouche, which both appeared on MasterChef Australia.

 

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