MissChu, the popular Vietnamese tuckshop and catering business, has gone into voluntary administration.
In a statement from KordaMentha, the company appointed as administrators, MissChu’s financial pressures appeared to be caused by “the lack of controls over fixed costs in the business, the expansion of the retail tuckshops through trading and the closure of the Opera House premises without notice.”
In a Facebook post on her page this afternoon, founder and CEO Nahji Chu confirmed the voluntary administration. “This does not mean that we’ve closed down, gone bust or anything of the like,” she says. “It is business as usual. Melbourne and London are not affected.”
Chu also mentions a senior management team hired last year,…