A QUEENSLAND owned and operated organic retailer has gone into liquidation, owing $2.8 million to more than 200 creditors.
Wray Organic Pty Ltd, which operates stores under the Wray Organic banner in Toowoomba, Ipswich, and Newmarket, was established by owner Deborah Wray and her partner Gary Davis at Palm Beach on the Gold Coast in 2005.
The three stores will close if they can not be sold “as a going concern”.
Ben Ismay, liquidator and director of insolvency firm Shaw Gidley, said the six other independent Wray Organic franchises around Queensland would be unaffected by the liquidation.
Mr Ismay said his priority was to find buyers for the three stores owned and run by Wray Organic Pty Ltd.
“The reality i…
Read the full article at: https://www.thechronicle.com.au/news/buyer-sought-retailer-enters-liquidation-owing-28m/3347639/
