Weight reduction firm Jenny Craig’s Australian and New Zealand operations have formally folded, simply 5 days after reassuring the general public that they had been “presently [continuing] to function and assist our shoppers”.
FTI Consulting’s Vaughan Strawbridge, Kate Warwick and Joseph Hansell have been appointed voluntary directors of the Melbourne-founded enterprise after the US guardian firm formally filed for chapter on Friday.
Jenny Craig Australia will proceed to commerce even because the directors examine choices for restructuring the enterprise.
Jenny Craig’s Australian enterprise has fallen into voluntary administration.Credit score: Steven Siewert
The Australian administration crew was reluctant to nominate directors, however was left with no selection, mentioned Strawbridge.
“It’s unlucky the place an abroad guardian firm enters chapter and impacts the native enterprise, particularly, the place they’re operated independently to one another,” Strawbridge mentioned in a press release.
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“We’re working with the Australian and New Zealand management crew to commerce the companies with a view to attracting new capital to restructure the Australian and New Zealand corporations. Curiosity has already been acquired, and we shall be working with these events and stakeholders of the enterprise to safe the continuing enterprise and supply readability to its loyal and dedicated workers and clients as quickly as doable.”
Extra to come back
