Gourmet grocer in administration
Premium grocery store company Jones the Grocer has been placed in voluntary administration.
The Company has 15 stores in Melbourne, Sydney, New Zealand, Qatar, Singapore and the United Arab Emirates (UAE). Administrators have been appointed to the Company’s Australian operations, which include four Jones the Grocer stores in Melbourne and Sydney, as well as Senselle Foods, and Sydney-based businesses Charlie & Co and Becasse. It has been reported that the Australian stores will continue to trade as normal.
The move into administration comes just days after it was reported that Jones the Grocers’ director John Manos had resigned from the Company.
Jones the Grocer launched in 1996, opening the flagship Sydney store in Woollhara in Sydney’s eastern suburbs. The retail stores combine a cafe offering with premium grocery retailing.
In 2012, global luxury consumers products company Louis Vuitton Moet Hennessy’s (LVMH) Singapore-based private equity fund L Capital Asia acquired a 50 per cent share in Jones the Grocer. At the time, L Capital Asia said Jones the Grocer was a “strong platform” for further expansion in Singapore and South East Asia.
LVMH Moet Hennessy Louis Vuitton is represented in Wines and Spirits by a portfolio of premium brands that includes Moet & Chandon, Dom Perignon, Veuve Clicquot Ponsardin, Krug, Ruinart, Mercier, Chateau d’Yquem, Hennessy, Glenmorangie, Ardbeg, Vodka Belvedere, 10 Cane, Chandon, Cloudy Bay, Terrazas de los Andes, Cheval des Andes, Green Point, Cape Mentelle, Newton, Wen Jun. Its Fashion and Leather Goods division includes Louis Vuitton, the world’s leading luxury brand, as well as Celine, Loewe, Kenzo, Givenchy, Thomas Pink, Fendi, Emilio Pucci, Donna Karan, Marc Jacobs and Berluti. It also has brands in the perfume and cosmetics sector, and in watches and jewellery.