Tasman Butchers goes into voluntary administration
Victoria’s largest independent butcher has fallen into voluntary administration, with suggestions it owes many millions of dollars to creditors.
Tasman Market Fresh Meats, which traded as Tasman Butchers, has appointed administrators David McEvoy and Martin Ford of PricewaterhouseCoopers Australia to facilitate an urgent sale.
The company’s network of 17 stores in Melbourne and regional Victoria will continue to trade during the sale process.
Tasman Butchers is majority owned by Singapore-based private equity firm Equity Partners, and has been operating for more than 30 years.
“We intend to continue trading the majority of the store network, with a view to selling the business as a going concern,” said Administrator David McEvoy. “We are confident that there will be strong interest from prospective buyers and we hope to preserve jobs for the majority of the company’s employees.”
Sheridan Randall, 12th September 2018
