Healthzone Collapse Compromises 80 Franchisees

StartupSmart:

Health products chain Healthzone Limited’s 80 franchised and 30 company-owned stores will continue to trade in the short-term, despite the business being placed into receivership.

The ASX-listed company, which produces and distributes natural health products to a wide range of retailers across Australia, Asia, Europe and the United States, has around 250 employees.

The company has 110 stores, 80 of which are franchised. Despite its collapse, the receivers insist Healthzone will continue to operate as usual.

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