Genius childcare chain enters administration due to debts
The Genius childcare chain has entered administration due to mounting debts owed to creditors. This follows legal actions from landlords and tax authorities seeking payment of millions. Staff have been informed of an uncertain future as several centres in Melbourne and other states have closed recently. Employees reported struggling to afford food due to unpaid wages. Parents have faced disruptions, with centres closing on short notice, impacting their ability to work. Genius operates multiple centres across Australia, including in New South Wales and Queensland.