It looks like the chain of Super Butcher stores across Australia may have been handed a lifeline with administrators confirming that they have two very strong offers to buy the business.
Just as the board was about to meet and organize the liquidation and distribution of the company’s assets to pay their creditors, a reprieve was given to the administrators so that they could pursue the sales offers and take the next step.
This is good news for the customers that frequent the store and for the many staff members across the country.
Inglewood Farms, a poultry supplier to the beleaguered store, lodged a winding up application in March due to the huge debt they were owed. Administrators were then called in at the beleaguered company in April with debts totaling $8 million.
