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Indian Firm To Bail Out Australian Cookie Man

One of  the popular  Indian  bakery retail  chain Cookie Man( an Australian Foods (I ) Pvt. Ltd )venture might  take over  failing Cookie Man of  Australia  as this  report suggest .


THE operators of India's Cookie Man are in the running to take over the embattled Australian Cookie Man.

The Sydney-based liquidator of Cookie Man, Peter Hillig, said reports that the joint Australian-Indian company, Australian Foods, had bought the local operations were not true.

However, Mr Hillig, a partner of Smith Hancock accountants, conceded that the Chennai-based company was in the mix.

"I don't want to say anything until I have done the deal,'' he said.

Mr Hillig said he hoped the sale would be finalised by the end of the week, two weeks later than expected.

The Australian Cookie Man franchise is part of the beleaguered Brisbane franchise management group Allied Brands which has gone into administration.

The Melbourne franchise operator, Franchised Food Company, was a contender for the Cookie Man business.



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