A further article about collapsed Scott's RT will be in print in 'The Oz' tomorrow:
(a small extract):"More than $500m worth of frozen food risks going to waste as receivers of collapsed refrigerated logistics group Scott’s seek to clear the company’s cold storage warehouses to exit costly leases.
Receiver KordaMentha is attempting to relocate about 114,000 pallets of frozen food from Scott’s 24 warehouses across the country but alternative cold storage space is scarce, threatening more grocery shortages.
It is negotiating with Scott’s landlords and customers to avoid food going to waste. Meanwhile, the federal government has not provided any funding to help shift and store food.."
Interestingly, listed APE that sold Scott's for $75 million previously is its largest landlord (and presumably creditor).
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- Ann: APE completes sale of Refrigerated Logistics
Ann: APE completes sale of Refrigerated Logistics, page-5
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