Fresh poultry wholesaler and retailer Red Lea Chickens and its associated companies have collapsed, with a statement claiming there is no hope of reviving the businesses.
A brief statement on its website said that administrators from McGrathNicol were appointed late on 29 March – immediately before the Easter long weekend.
“Due to the financial position of the companies, we regret to advise that the administrators are unable to trade the business and have no alternative other than to undertake an orderly wind-down of operations,” the statement said.
“Further information will be provided to creditors and suppliers in the coming days.”
Red Lea Chickens had 33 stores across NSW, primarily in Sydney. According to its website, the business had been operating for over 60 years.
In addition to its own stores, Red Lea Chickens supplied wholesale poultry to supermarkets, hotels, restaurants and specialty butchers.
The company also said it had more than 500 employees, although their immediate future remains unclear.
Adam Zuchetti is the editor of My Business, and has steered the publication’s editorial direction since early 2016.