The only alternative I can see at this point is voluntary administration. They've already raised debt, equity raising is not an option, they're going to run out of cash within a few months once JobKeeper ends, game over.
At least it's likely that the brand and concept will live on in some shape or form by whoever buys the assets and IP out of VA, but they can go ahead without the burden of the bad leases that the business is lumbered with.
The only alternative I can see at this point is voluntary...
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