JUMP! Swim Schools has been dealt another blow with franchisor Jump Loops Pty Ltd placed in Court appointed liquidation. The Jump Loops liquidation announcement comes just weeks after alternate franchise entity Jump Swim Schools Services Pty Ltd suffered a similar fate.
At a Federal Court hearing last Friday, Registrar Claire Gitsham ordered that Jump Loops be wound up in insolvency under the provisions of the Corporations Act. Michael Yeo and Gess Rambaldi from Pitcher Partners were appointed as liquidators.
As reported by Inside Franchise Business, the Jump Loops liquidation and wind-up decision marks a notable development in the troubled franchises attempt to recover from a wealth of negative media attention.
The application …
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