THE remaining 27 Darrell Lea company-owned stores will cease trading this Sunday, resulting in hundreds of Darrell Lea workers losing their jobs after a deal was struck today to sell the troubled chocolate maker.
The confectionary company was sold today to the Queensland-based Quinn family, who are the owners of a successful and profitable Australian consumer goods company.
The sale is expected to be completed this week, and the family are planning to restructure the business.
Through the restructure, 246 permanent and 172 casual Darrell Lea employees will be made redundant.
83 employees will be offered employment with the Quinn family.
The remaining 27 Darrell Lea company-owned stores will cease trading on Sunday September 9, including the last remaining ACT outlet located at the Canberra Centre.
However, manufacturing facilities will continue to operate, and Darrell Lea product will still be available through more than 1200 licensed outlets across Australia.
Mark Robinson of PPB Advisory says the sale “represents the best outcome for Darrell Lea and it ensures that this iconic Australian brand and its manufacturing operations can continue to operate locally and stay Australian-owned.
“The sale follows an extensive review of a number of offers presented to PPB Advisory, and we are confident that the Quinn family has the necessary skills and experience to take the business forward.
“It is regrettable that we have had to make a number of very dedicated employees redundant. However, the result is the best outcome that could have been achieved in these circumstances.”