Discount grocery chain NQR has become the latest retail casualty of 2018, with the 18-store supermarket network placed into voluntary administration last Wednesday.
NQR Pty Ltd, which was rescued from administration by the founders of Bakers Delight, the Gillespie family, in 2009, appointed Luke Targett and Bruno Secatore of Cor Cordis as administrators on January 24.
Fairfax reports the business is still owned by the Gillespie family, employs 351 staff and had total liabilities of $23 million at June 30, 2017.
The business will be put up for sales as a going concern, reports Fairfax, but some unprofitable stores will face closures.
Secatore says the total liabilities for the business are still being reviewed, and an indicati…
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