400 jobs to go as Australia chocolatier Darrell Lea to shut down all stores

The confectionery firm, a popular local brand established in 1927, will stay in Australian hands after being sold by administrators to the Quinn family, which has a long history of food manufacturing and distribution.

“Their experience will help Darrell Lea to continue to operate as an iconic Australian manufacturing company with a strong brand presence,” Darrell Lea administrators PPB Advisory said in a statement.

As part of the sale agreement PPB said the firm's remaining 27 branded stores would close, effective Sunday, after running at a loss for a number of years and failing to attract “any meaningful interest” from buyers.

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