Mimi Gilmour’s Burger Burger chain placed in receivership

A gourmet burger chain with six stores across the North Island has been placed into receivership, owing around $1.8 million. Burger Burger Holdings director Mimi Gilmour's business venture has reportedly struggled to stay afloat, with the receivership move aimed at restructuring the company's debt and potentially finding a new investor to take over the struggling chain. The move will likely have significant implications for the employees and customers of Burger Burger, with the future of the brand remaining uncertain. The receivership process will involve the appointment of a receiver to oversee the company's operations, manage its finances, and explore options for the business's future. This development serves as a reminder of the challenges faced by small to medium-sized enterprises in the competitive fast-food industry, where margins are often thin and consumer preferences can shift rapidly.