Failed Mad Butcher looking to fundraise $15,000 for unpaid staffKEITH WHITTEN/FAIRFAX NZ Increased costs and inadequate margins squeezed the Mad Butcher store's profitability. A failed Mad Butcher franchisee is seeking donations to help pay staff who "did not deserve to lose their jobs" when the company's franchise agreement was terminated. The company which formerly operated the Mad Butcher store in Papanui, Christchurch, went into liquidation in May following a dispute with the franchisor. READ MORE:* Former Mad Butcher store placed in liquidation facing high costs and low margins* Mad Butcher Tauranga in liquidation after months of poor trading* Former Mad Butcher store owners blame 'economic conditions' for collapse* Mad Butcher Silverdale placed into liquidationAs a result, the company's director, Allan Aitchison, set up a Givealittle fundraising page looking for donations to cover the unpaid wages. Veritas chairman Tim Cook said at the time the market the Mad Butcher faced was competitive and supply shortages had create challenges around product choice and pricing.

Source: Stuff July 04, 2017 02:07 UTC