Australian cake manufacturer on brink of collapse

An Australian cake manufacturer with a 70 year history is on the brink of collapse.

Big Sister Foods, which employees around 100 staff across its two NSW manufacturing sites, had PPB Advisory appointed as receivers on Wednesday afternoon to undertake an ‘urgent review’ of the business.

PPB Advisory’s Daniel Walley said that stakeholders will be updated on any meaningful developments regarding the review when it is practically possible to do so, The Age reports.

"We are undertaking an urgent review of the business with a view to preparing Big Sister Foods for sale as a going concern,'' said Walley in a statement.

'We will work with all stakeholders including employees and their representatives, customers and suppliers to ensure the business continues to operate effectively.''

Big Sister Foods was founded by Kenneth Higgins in 1945 and supplies cakes, muffins, mince pies and cupcakes to Australia’s major retail chains.


Send this to a friend