Blacktown. Krispy Kreme into administration

Poor sales have forced Krispy Kreme Australia, based in Blacktown, to go into voluntary administration and placed in the hands of accountancy firm Smith Hancock. The doughnut chain denied the downturn has been caused by increasingly health-conscious customers, instead pointing to a number of ailing outlets affected by high rents and high distribution costs. The US-based chain arrived in Australia seven years ago - now there are 50 outlets employing 660 staff across Australia. Company spokesman, Matt Horan, said it was unknown how many employees would be made redundant or if any stores would be closed.