Jenny Craig Australia will continue to trade,even as the administrators investigate options to restructure the business.
The Australian management team was reluctant to appoint administrators,but was left with no choice,Strawbridge said.
“It is unfortunate where an overseas parent company enters bankruptcy and impacts the local business,in particular where they are operated independently to each other,” Strawbridge said in a statement.
“We are working with the Australian and New Zealand leadership team to trade the businesses with a view to attracting new capital to restructure the Australian and New Zealand companies.
“Interest has already been received,and we will be working with those parties and stakeholders of the business to secure the ongoing business and provide clarity to its loyal and committed staff and customers as soon as possible.”
Speculation about Jenny Craig Australia’s future began after news emerged last week that theUS parent company was closing its doors and would terminate jobs by the end of the week.