AUSTRALIA: The Barrons Kitchen under receivership; new owner by Christmas?

Cairns-based pie-maker The Barrons Kitchen was placed into receivership on 15 November due to a lack of capital, it was confirmed yesterday. Receiver Ian Hall revealed that PricewaterhouseCoopers will continue to operate the award-winning business in order to sell it as a going concern. The firm hopes to have a new owner by Christmas, and Hall commented that there has been a lot of interest: “We've got about ten interested buyers and we're currently talking with them to get to sell [the company].”