MissChu sold

misschu bondiCollapsed Vietnamese street food chain, MissChu, has been sold for an undisclosed amount after being placed in voluntary administration in December last year.

MissChu, which was founded by Nahji Chu and began as a catering business in 2007, appointed  Rahul Goyal and Janna Robertson of KordaMentha of Miss Chu Pty Limited and Miss Chu Manly Pty Limited (collectively known as ‘MissChu’) on December  23, after the company collapsed under $4 million in debts.

In January, six MissChu branded tuckshops in Sydney and its catering business were put up for sale by KordaMentha, as well the international licence of MissChu following the closure of its only international store in London, which first opened in 2013.

KordaMentha confirmed today the business had been sold to MissChu Holdings Pty Ltd, a company controlled by the Mawson Group and Chu, after receiving around 60 expressions of interest.

Since the chain’s collapse Chu had been appealing to customers via social media to support the business.

MissChu’s Melbourne-based business was not affected by the voluntary administration.

Settlement is expected to take place in about 15 business days.

The next report to creditors is due to be sent on April 30 and the second meeting of creditors will be held on  May 7. The report and second meeting will provide further information on the likely outcome for unsecured creditors and employees from the administration.

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