Beyers Chocolates

Beyers Chocolates, the South African confectionery manufacturer, has been placed under provisional liquidation following a dispute with the retail chain Woolworths. The company, founded by Kees Beyers, has been a supplier of private-label chocolates for the retailer for over 30 years. According to reports from Moneyweb, Beyers Chocolates faced a liquidity crisis after Woolworths reduced its procurement volumes. The manufacturer is said to owe creditors approximately 300 million ZAR ($16.3 …