Red Rooster looks to be in dire straits as seven more of their stores suddenly closed down.
Seven News reports that the branches, all on the Sunshine Coast in Queensland, were put into voluntary administration on Monday, and the Administrator Robson Cotter Insolvency Group confirmed this.
Some 100 staff were told their jobs were immediately cut and retail experts fear there could be more stores on the chopping block
Just under 6 months ago, Daily Mail Australia visited a string of Sydney stores during the height of Red Rooster’s initial bankruptcy rumours.
Founded by the Kailis family in Western Australia in 1972 (four years after KFC opened its first local restaurant in Sydney), Red Rooster has been an Aussie favourite since day one.