Allied Brands gives in

Allied Brand has gone into voluntary administration after the company recently lost its operating licence for US ice-cream chain Baskin Robbins.

The company has appointed Peter George Biazos and Peter Dinoris of Vincent Chartered Accountants as voluntary administrators.

Allied also holds licenses for Kenny’s Cardiology, Cookie Man, Villa and Hut and Awesome Group.

“Over the last year the above businesses struggled in an uncertain economic environment which combined with continued expansion of the group lead to cash flow constraints,” Vincents said.