Allied Brands franchisees aren’t in any immediate danger following the company’s
move into voluntary administration, according to chief executive Sean Corbin.
Allied Brands currently oversees major franchise brands including Cookie Man, Villa & Hut, Kenny’s Cardiology, and Awesome Water.
Last month, the company saw its Cookie Man chain placed in liquidation, and last week lost the Australian franchise rights to Baskin-Robbins.
In a bid to try and rectify the company’s situation, Peter Dinoris and Peter Biazos of Vincents Chartered Accountants have been appointed as joint administrators.
Villa & Hut founder Franz Madlener, who is attempting to repurchase the franchise, is expected to begin negotiations with the administrators. More.