ALLIED BRANDS DUNKED

Written on the 16 November 2010

ALLIED BRANDS DUNKED

UNDER performing acquisitions in the Allied Brands stable of franchises has led to the company’s voluntary administration.

It follows a tumultuous 12 months for the Gold Coast brandchisor, which has struggled in the wake of diminishing sales and the loss of its best performing franchise Baskin Robbins, now controlled by Dunkin Brands. Writedowns of around $32 million were reported for FY10.

Once a thriving enterprise with a fleet of Audis, the publicly listed company’s fate is at the hand of its creditors as it rushes to sell franchises including Awesome Water and Kenny’s Cardiology.

The company’s CEO Shane Radbone and long-time managing director Peter Graham left the company in June.


Latest News

ONE KEY RESOURCES FINDS TRUE POT OF GOLD

BRISBANE'S One Key Resources has been acquired by global recruitment outfit Fircroft.

The mining solution...

BPS SHARES BOLSTERED BY CHINA, US DEALS

BPS Technology (ASX: BPS) has expanded the reach of its Bartercard trade exchange business in the US through the s...

SURFERS PARADISE MARRIOTT CHANGES HANDS IN $70M DEAL

MARRIOTT Vacation Club has offloaded the hotel component of Surfers Paradise Marriott Resort & Spa for $70 mil...

NEW IRISH BAR LIVES UP TO ITS LEGEND

FORTITUDE Valley's newest watering hole is quite literally the stuff of legends. Named after a famous myth...

Related News

FROM THE TANK: PEOPLE MATTER MOST

WHAT am I looking for on Shark Tank? In actual fact, I am looking for 'who' rather than 'what'.
...

THREE KEYS TO LEADING A TEAM THROUGH EOFY

THE end of the financial year (EOFY) can be a taxing time for businesses, and often it takes a toll on staff. ...

BUDGET 2016: WHAT IT MEANS FOR BUSINESS

BUSINESS is at the forefront of the 2016 federal budget, with SMEs set to see their company tax rate fall to 27.5 ...

BRW TO SHUT DOWN

FAIRFAX Media (ASX: FXJ) is shutting down its BRW website, less than three years after the closure of the print magaz...

CONTENT MARKETING

Content marketing a highly effective way to create a buzz around your company

Contact us

Email News Update Sign Up Contact Details

Subscribe to our mailing list

* indicates required
Email Format

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter