Freckleberry appoints voluntary administrators
Australian chocolate manufacturer and retail business Freckleberry has enterned voluntary administration.
The privately-owned business, which is known for its high grade Belgian chocolate, has a factory in Geelong, Victoria and also features a retail store and online shop.
Freckleberry’s wholesale division supplies retail shops, fundraising organisations, corporate buyers and also caters for private label customers with its innovatively designed chocolate products.
Advisory firm Cor Cordis was appointed as Voluntary Administrators of Bellyflop Pty Ltd, trading as Freckleberry, from October 7.
Cor Cordis partner Barry Wight said they have begun investigating opportunities including a takeover, but said the business will continue trading in the meantime.
“We have just begun an investigation into the affairs of Freckleberry, including whether there are parties looking to recapitalise the Company or acquire its business and assets as a going concern,” Wight said.
“In the meantime it is business as usual at Freckleberry. It will continue to trade under the Administrators’ control and fulfill customer orders in the busy lead up to Christmas.”
Wight is encouraging new and existing customers to visit the outlet store and consider placing Christmas orders to support the business.
The first meeting of creditors will be held on October 17 in Melbourne.
Internet Retailing contacted Freckleberry for comment but did not receive a response ahead of publication.
This story originally appeared on Inside FMCG.