Genius childcare chain enters administration due to debts

The Genius childcare chain has entered administration due to significant debts owed to creditors. This follows recent closures of several centres, leaving staff unpaid and parents struggling to find childcare on short notice. Administrators are now assessing the company's financial situation and aim to stabilize operations. Genius operates centres across multiple Australian states, but only four in Victoria are directly affected by the administration. The company's owner, Darren Misquitta, has not been seen since mid-2024 and is facing legal action for unpaid debts. Concerns have been raised about his management practices, with investigations ongoing into his handling of company finances.