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Money From sweet to sour: Reality TV chef Adriano Zumbo's dessert business goes into administration

08:31  02 august  2018
08:31  02 august  2018 Source:   dailymail.co.uk

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Zumbo built his business empire off the back of appearances on Masterchef and his own cooking show on Channel Seven, Zumbo ' s Just Desserts . Reality - tv . Amateur Australian chefs compete to impress patisserie chef Adriano Zumbo with their sweet creations.

From sweet to sour : Reality TV chef Adriano Zumbo ' s dessert business goes into administration The reality TV chef was revealed to have debts up to million owing Administrators held a creditors meeting with the reality TV chef on Wednesday

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Australia's answer to Willy Wonka, Adriano Zumbo, has been forced to watch his empire built on sweet treats crumble into voluntary administration.

Administrators held a creditors meeting with the reality TV chef on Wednesday where it was revealed his debts could soon amass $10 million.

Zumbo, however, was reported to have $8 million worth of assets, inclusive of equipment and company-owned property, Good Food reported.

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dessert business goes into administration reality TV chef business empire Melbourne eateries cooking show Nelly Riggio Willy Wonka identity rumoured dessert king Adriano Zumbo offloaded Sydney pad just weeks before his dessert business went into administration | Daily Mail Online.

Adriano Zumbo , Jamie Oliver and why celebrity chefs have so much trouble in Australia : Online star April the giraffe is pregnant again A giraffe whose Adriano Zumbo isn't the first household name to face voluntary administration . You’d be hard pressed to find anyone with a bad word to say about

Adriano Zumbo.© AAP Image Adriano Zumbo. Administrators appointed to companies directed by Zumbo, made up of landlords and trade creditors, confirmed his eight Sydney and Melbourne eateries would remain open.

Zumbo built his business empire off the back of appearances on Masterchef and his own cooking show on Channel Seven, Zumbo's Just Desserts.

a close up of food: Administrators held a creditors meeting with the reality TV chef on Wednesday where it was revealed his debts could soon amass $10 million© Provided by Associated Newspapers Limited Administrators held a creditors meeting with the reality TV chef on Wednesday where it was revealed his debts could soon amass $10 million He opened Melbourne high-tea salon, Fancy Nance, in 2016, and recently faced start-up delays on $500,000 high-tech macaron-making machine.

The dessert king also recently sold his luxurious Balmain home for $1.7 million.

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Administrators held a creditors meeting with the reality TV chef on Wednesday where it was revealed his debts could soon amass million. Zumbo built his business empire off the back of appearances on Masterchef and his own cooking show on Channel Seven, Zumbo ’ s Just Desserts .

The FFA Cup has seen Perth Glory silenced on social mediaWith four Round of 32 clashes going on as Glory took on The amount JumpClimb estimated it could not pay back was 0,600. From sweet to sour : Reality TV chef Administrators appointed to companies directed by Zumbo , made up of

The exact reason for his company's financial collapse is not known.

a box filled with different kinds of donuts: Administrators appointed to companies directed by Zumbo, made up of landlords and trade creditors, confirmed his eight Sydney and Melbourne eateries would remain open© Provided by Associated Newspapers Limited Administrators appointed to companies directed by Zumbo, made up of landlords and trade creditors, confirmed his eight Sydney and Melbourne eateries would remain open

Reports suggested an investor could be interested in bailing Zumbo out of the deep, with the anonymous identity rumoured to have eyes on his innovative products like his sweet opus, the V8 Vanilla cake and darker chocolate V8 Diesel.

Daily Mail Australia has contacted Zumbo for comment.

Zumbo made headlines in January last year after going public with his girlfriend, Nelly Riggio, who was a contestant on My Kitchen Rules.

He came under fire in May last year for allegedly ripping off his staff and treating them poorly.

The world-famous patissier was accused of withholding superannuation from his staff, not paying them their proper rates and failing to pay them for overtime.

a cake with fruit on a plate: Zumbo made headlines in January last year after going public with his girlfriend, Nelly Riggio, who was a contestant on My Kitchen Rules© Provided by Associated Newspapers Limited Zumbo made headlines in January last year after going public with his girlfriend, Nelly Riggio, who was a contestant on My Kitchen Rules

Darrell Lea expands products in turnaround triumph for once-struggling company .
One of Australia's oldest confectionery companies, Darrell Lea, is planning to expand into ice cream and muffins six years after it nearly went under. It also could be floated on the stock exchange in a few years' time. It also could be floated on the stock exchange in a few years' time.

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