The new Chief Executive of Not Quite Right (NQR), a Victorian supermarket clearance outlet that entered voluntary administration in May, has outlined what went wrong for the company in a television interview on the weekend. Graham Holman explained on ABC’s Inside Business program that the 22 year-old business suffered from a re-positioning that saw them attempt to take on the supermarkets. The move was made in the wake of a change of ownership three years ago. “To see it built up over... ...Read more »

Supermarket clearance outlet NQR is set to be taken out of the hands of administrators after a suitable buyer was found for the business. The Not Quite Right chain was established two decades ago to assist manufacturers in selling excess stock, discontinued lines and cancelled supermarket orders. Operating only in the state of Victoria, the business had grown to 26 stores with around 400 employees before calling in administrators Ferrier Hodgson in May. Former owner of NQR Ken Nienaber, his wife... ...Read more »

The Directors of the Australian Bight Abalone Group (ABA) today placed the company into voluntary administration. McGrath Nicol will be responsible for the administration. ABA said the issues surrounding the industry, including the failure of two of the largest companies in the sector, deteriorating general business conditions, the last minute withdrawal of financiers from the grower loan funding market and the subsequent reduction in investment, had been the decisive factors in taking the decision... ...Read more »

Supermarket clearance outlet NQR has called in administrators after 22 years of business in Victoria. Privately-owned Not Quite Retail opened two decades ago to help retailers sell excess stock, discontinued lines and cancelled supermarket orders. The company, which operates in all food categories commonly seen at the supermarket, currently runs 26 stores – all in Victoria.It is another example of the pressure on smaller food retailers and follows the recent takeover of Macro Wholefoods by... ...Read more »

George Weston Foods, the owner of Don KRC, and Primo Smallgoods have signalled their intentions to purchase Hans Smallgoods. Hans went into voluntary administration in November, with the business operating as normal until an appropriate buyer is found by the administrators – KordaMentha. “Hans is a great brand and has some world class facilities, so our first aim will be to offer the business to buyers with related interests so that some synergies may be achieved,” Mark Mentha, from KordaMentha,... ...Read more »

Hans, one of Australia’s largest smallgoods manufacturers, has entered voluntary administration but the business will continue operating while a buyer is sought. Higher costs and stronger pork competition has been attributed with the collapse of the Hans group of companies, with KordaMentha appointed as administrators today. Mark Mentha, from KordaMentha, said the companies, including Hans Continental Smallgoods and the Swicker’s Kingaroy Bacon Factory, would trade normally while the... ...Read more »