LEGAL | Staff Reporter, Australia

Doughnut Time goes into liquidation

The remaining outlets were closed last week.

In a statement, Michael Caspaney, the appointed liquidator from Menzies Advisory's, said, "At this early stage, there could be up to 300 employees owed wages and entitlements from 23 different sites in Queensland, NSW and Victoria. Most of the stores were closed in January and February with the last ones closed last week."

"There appeared to be a possible deal with the CEO for him to buy some of the profitable stores but that fell over late last week," the statement concluded.

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