date:Mar 05, 2013
rent company, Gourmet Food Groups, was placed in receivership in November 2012. Ferrier Hodgson partners were appointed receivers of the company, following an estimated $50 million debt with the National Australia Bank. Ferrier Hodgson said the closure of Rosella comes after efforts to sell the business have been unsuccessful.
The loss of jobs is disappointing but unavoidable due to the scale of losses the business was sustaining on a weekly basis, said Ferrier Hodgson receiver Jim Sarantinos.