Shock Horror-Australian Icon in Liquidation!!

[suzuki43]

http://www.smh.com.au/business/dough-krispy-kreme-whipped-20101101-1798u.html
I trust you are holding up ok over there,after the demise of an Australian institution....
RIP creamed donuts!

[paul]

stu muntz isnt going to be happy  he,s sponsered by krispy creame donuts
he eats 8 per sitting

[bazza]

Had to happen with the big boy of love slimming down so well

[DR]

Seriously, they were far too expensive for Joe Average so my guess is they simply priced themselves out of the market. Probably won't even be missed as i can't say I know anyone who has ever bought them ..go the Woolies donuts! cheaper at half the price  

[Freakshow]

IF they didnt concentrate all the stores on the East coast maybe they would have turned a freakin profit.

I'd like to own one at sydney and melbourne airports - would be a license to print money.

I see it as a case of BAd management and BAD marketing.  Some people should just not hold management positions.  I see ladies flying out with 3 carton under there arms !!!

Maybe try the glaZed one DOC they ROCK, woolies have just started to copy them as has coles, so they now need to remarket the more profitable lines.

[suzuki43]

damn shame,bloody nice product.
I know about piss poor management Freaky,I shake my head at what goes on at the big Aussie corporate I work for,pack of self-centred STI (short term incentive) focussed, blood suckers....

[VMX247]

Never heard of em ..then they have only been around since 2003. 
I've heard of Iced VoVo only cause of Firko 

Good old Ugg Bootnow thats another good aussie story.   
cheers

[Marc.com]

Good old Ugg Bootnow thats another good aussie story.   
cheers

didn't the Ugg Boot start out as a sex toy in New Zealand 

[firko]

It serves the pricks right.
 They're..............
1: Absolutely the bottom of the food chain nutritionally.
2:Too expensive
3:Not in the same league both in taste and price as Donut King

I remember when the Krispy Kreme drive through donut shop opened near Penrith Panthers club, the poor hopeless followers of fashion and trend were lined up around the block for the 'privilege' of passing over good money for a potential coronary. My god daughter rang me one morning at around 6am to tell me she was in the line at Krispy Kreme and wanted to know if I wanted a 12 pack? When she told me it'd cost me $40 for the experience I politely declined and went back to bed.
It's tough enough losing weight without eating that shit......good riddance.

[paul]

stu muntz has just infomed me .he is now rideing for jim beams . and chicken snitzel sangos

[vmx42]

An Australian Icon - surely you jest? 

[LWC82PE]

Ive never heard of them either.

[motomaniac]

An Australian Icon - surely you jest? 

They must be Allison. Fully imported from Yankland.

[Nathan S]

Administration is not liquidation.

Liquidation is what happens if the administrators can't bail the company out, and it goes bankrupt (in very simplified terms!).

The article makes it sound like they've called the administrators in very early - for whatever reasons - which greatly improves the odds of the business surviving.

[suzuki43]

Thanks for the accounting term lesson Nathan,I knew the difference but thought liquidation was a better head line.
Jeff yes its all a joke mate,we all know Krispy Kreme doesnt rate as an Oztralian icon like stubbies,XXXX beer,and meat pies.