Chocolatier collapse augers cafemageddon

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Via Domainfax:

Upmarket chocolate and cafe chain Max Brenner’s Australian business has gone into voluntary administration, citing rising costs and sluggish retail trade.

McGrathNicol, which was appointed administrator on Sunday by company directors, said Max Brenner’s 37 stores would continue to trade as usual while it completed an urgent review.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.