Major food company The Essential Ingredient plunged into voluntary administration
A major Australian food and cooking supplies operator has gone into voluntary administration after almost four decades in business.
The Essential Ingredient sells speciality ingredients, professional cookware, kitchen equipment, culinary books and more.
It has been featured in Gourmet Traveller, Good Food, Broadsheet, The Australian Women’s Weekly, Country Style and on MasterChef.
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By continuing you agree to our Terms and Privacy Policy.Five companies operating under the umbrella of The Essential Ingredients entered into voluntary administration on Thursday.
The Vital Ingredient (Retail) Pty Ltd, Essential Wholesale NSW Pty Ltd, J.S. & S Weddell Pty. Ltd, Essential Distribution Australia Pty Ltd and Essential Franchise Pty Ltd were listed on the ASIC notice of company under administration.
Robert Scott Ditrich, Rebecca Louise Gill and Craig David Crosbie from PwC Australia have been appointed as administrators.
A virtual meeting of creditors will be held on October 9.
The Essential Ingredient began in 1986 as a living room mail order business, according to the business’ website.
It had three stores in Crows Nest, Prahan and South Melbourne, as well as an online store and a wholesale business.
The Essential Ingredient has not commented publicly on the voluntary administration, and last posted on social media on Wednesday.
PwC has been contacted for comment.
Originally published on 7NEWS
