Bill Kollatos’ company that delivers fresh food nationally has collapsed


A national fresh food distribution company has gone bust, with its devastated boss blaming “snap lockdowns” for sending the business to the wall.

In2food, which also trades as Yarra Valley Farms Australia, delivered the hammer blow to staff late on Friday afternoon, The Daily Telegraph reports.

They were told that receivers FTI Consulting had been appointed, with plans to keep the limping business afloat until a new buyer was found.

In2food Australia chief executive, Bill Kollatos, tried to soften the distress of staff with a letter attached to the receivers’ circular and seen by The Daily Telegraph.

“The disruption of snap lockdowns in multiple states in combination with the problematic retail journey within the Ready To Eat meals category, has left us with no choice but to enter into Voluntary Administration,” Mr Kollatos said in the letter.

Bill Kollatos is the CEO of In2Food. Source: Twitter.

“In consultation with our lender, they have appointed a receiver to trade the business and undertake a recapitalisation/sale process.”

In2food supplied supermarkets, hospitals, aged care, retailers, airlines and restaurants with fresh farm foods.

The company will continue to trade during the administration period, with no job cuts announced in Friday’s statement, The Daily Telegraph reports.

Mr Kollatos said he was determined to keep the business going with the help of the administration process and the support of the company’s lender.

“We strongly hold to the belief that the collective support of all stakeholders through a short period of disruption will restore the business back to its core strengths and will continue to provide employment, opportunity for suppliers to grow, and a great value proposition to its customers,” he said.

Source: The Daily Telegraph.




By subscribing you accept our Terms of Service and Privacy Policy.


Latest News

Tsipras and Zaev present inaugural Prespa Peace Award

Alexis Tsipras and former North Macedonian Prime Minister Zoran Zaev presented the inaugural 'Prespa Peace Award' to Matthew Nimetz

Actor Theo James named UNHCR Global Goodwill Ambassador

The United Nations refugee agency announced on Monday that British actor Theo James has been appointed as a global goodwill ambassador.

Swiss support boosts revival plan for historic ‘Peloponnese railway’ in Greece

The initiative to reactivate Europe’s longest meter gauge railway network was discussed in a meeting between Grammatidis and Estermann.

Greece’s most peaceful islands to visit this summer

Greece's iconic islands are famous for their beauty and culture, but popular destinations like Santorini and Mykonos can be overwhelming.

First woman in Greece gives birth after ovarian tissue transplant

A 39-year-old woman in Greece made history by giving birth to a baby boy last Saturday (June 8) following an ovarian tissue transplant.

You May Also Like

Greek Australian councillors vote in move to change ‘racist’ Moreland council name

Councillors Angelica Panopoulos and Lambros Tapinos voted successfully to rename Moreland Council, while Helen Pavlidis-Mihalakos voted against the motion.

Sakkari beats Australia’s Hunter at Guadalajara Open Akron in Mexico

Maria Sakkari beat Australian Storm Hunter 6-2, 6-4 to reach the last 16 of the Guadalajara Open Akron on Wednesday night.

Ange Postecoglou cops cruel defeat in Celtic’s greatest rivalry match against Rangers

Greek Australian manager, Ange Postecoglou, cops cruel defeat in Celtic’s greatest rivalry match against Rangers.