Darrell Lea in administration
THE directors of Darrell Lea Chocolate Shops have placed the company in voluntary administration, leaving up to 700 jobs at risk.
PPB Advisory, the same company handling the recent Hastie Group collapse, has been placed in charge of administering the company.
In a statement, PPB says Darrell Lea's directors called it in amid concerns about whether the company could meet its ongoing financial obligations.
The confectioner has 69 owned or licensed stores and its products are sold through 1,800 other retail outlets in Australia, New Zealand and the US.
Between its retail network and its factory in Sydney the company employs around 700 people.
Read more at ABC news online.