Aussie-owned food brand The Essential Ingredient enters voluntary administration after 38 years
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The Australian culinary scene continues to struggle daily as the cost-of-living expenses rise.
Highly priced cafes and the sudden closure of food spots across the country have hit the food and beverage industry.
A long-time supplies company recently got hit with a surprising twist that could affect their clients soon.
The Essential Ingredient, an Aussie-run food and cooking supplies company, entered voluntary administration after about 38 years of spicing up kitchens.
Established in 1986, The shop carried high-quality specialty ingredients, cookware, kitchen gadgets and culinary books.
It also became a go-to source for both home cooks and professional chefs.
The Essential Ingredient established its reputation after being featured in prestigious publications like Gourmet Traveller, Good Food, Broadsheet, The Australian Women’s Weekly, and Country Style.
The Essential Ingredient also took centre stage on the popular TV show MasterChef.
However, despite its esteemed standing, the company faced the same harsh realities that impacted many businesses in the past years.
Five companies operating under The Essential Ingredient were listed on the Australian Securities and Investments Commission (ASIC) website.
These companies were:
They arranged a virtual meeting with the company’s creditors for 9 October, which could shed more light on the company’s future.
The Essential Ingredient began as a modest mail-order business run from a living room.
It blossomed into a culinary empire with three brick-and-mortar stores in Crows Nest, Prahran, and South Melbourne.
They also have an online store and a wholesale business for restaurant owners.
The Essential Ingredient has not made a public statement regarding the voluntary administration.
PwC has yet to comment on the situation.
This news is a reminder to support local and specialty businesses, which often offer unique products and services that enrich our lives and palates.
What do you think of this development? Have you ever shopped at The Essential Ingredient before? Your insights and stories are valuable, and we invite you to share your thoughts in the comments below.
Highly priced cafes and the sudden closure of food spots across the country have hit the food and beverage industry.
A long-time supplies company recently got hit with a surprising twist that could affect their clients soon.
The Essential Ingredient, an Aussie-run food and cooking supplies company, entered voluntary administration after about 38 years of spicing up kitchens.
Established in 1986, The shop carried high-quality specialty ingredients, cookware, kitchen gadgets and culinary books.
It also became a go-to source for both home cooks and professional chefs.
Some of their products were curated from Europe and Asia. Image Credit: Instagram/The Essential Ingredient
The Essential Ingredient established its reputation after being featured in prestigious publications like Gourmet Traveller, Good Food, Broadsheet, The Australian Women’s Weekly, and Country Style.
The Essential Ingredient also took centre stage on the popular TV show MasterChef.
However, despite its esteemed standing, the company faced the same harsh realities that impacted many businesses in the past years.
Five companies operating under The Essential Ingredient were listed on the Australian Securities and Investments Commission (ASIC) website.
These companies were:
- The Vital Ingredient (Retail) Pty Ltd.
- Essential Wholesale NSW Pty Ltd.
- J.S. & S Weddell Pty. Ltd.
- Essential Distribution Australia Pty Ltd., and
- Essential Franchise Pty Ltd.
They arranged a virtual meeting with the company’s creditors for 9 October, which could shed more light on the company’s future.
The Essential Ingredient began as a modest mail-order business run from a living room.
It blossomed into a culinary empire with three brick-and-mortar stores in Crows Nest, Prahran, and South Melbourne.
They also have an online store and a wholesale business for restaurant owners.
The Essential Ingredient has not made a public statement regarding the voluntary administration.
PwC has yet to comment on the situation.
This news is a reminder to support local and specialty businesses, which often offer unique products and services that enrich our lives and palates.
