Providoor’s Plight: $4.4 Million in Gift Cards Rendered Worthless as Company Collapses
In a disheartening turn of events, the gourmet meal delivery business Providoor, which celebrity chef Shane Delia founded during the COVID-19 lockdowns, has collapsed into liquidation. This unfortunate development has left thousands of customers holding nearly $4.4 million in now-worthless gift cards. The liquidation of Providoor reveals the company’s debts surpassing $6.3 million, including unpaid taxes, employee dues, and debts to several high-profile restaurants. Delia has expressed his distress over the situation, attributing the collapse to the withdrawal of a significant investor following a “technical breach” that was not rectified in time. The liquidator, RSM Australia Partners, wants to sell Providoor’s brand and intellectual property.
For the entire narrative of Providoor’s unfortunate downfall and its impact on its stakeholders, you can read the original article on news.com.au.