Cox Yeats - Daybreak Foods had no other option but to file for business rescue

21 July 2025 | Business Restructuring & Insolvency

“Not every company is a candidate for business rescue, but in the case of Daybreak Foods, there was no alternative,” says Gareth, Business Rescue & Restructuring Partner.

In this interview, Gareth unpacks the legal, operational, and human impact behind the high-profile business rescue of Daybreak Foods, from preserving jobs to securing R1.7 billion in funding from the PIC. He also outlines key warning signs of financial distress and explains how Chapter 6 can serve as both a lifeline and a valuable lesson.

Watch here: https://www.youtube.com/watch?v=PleaLhoYggE

ARTICLE BY

Gareth Cremen

Partner

Tel: +2710 015 5808

Email: gcremen@coxyeats.co.za

CONTACT

DURBAN

Telephone: 031 536 8500

PHYSICAL ADDRESS
45 Vuna Close,
Umhlanga Ridge, 4319

POSTAL ADDRESS
PO Box 913, Umhlanga Rocks, 4320

GPS Co-ordinates: 29°43'45.9"S 31°04'19.3"E

JOHANNESBURG

Telephone: 010 015 5800

PHYSICAL ADDRESS
4 Sandown Valley Crescent, Sandton, Gauteng, 2196

GPS Co-ordinates: 26°06'09.0"S 28°03'02.7"E

CAPE TOWN

Telephone: 021 879 2516

PHYSICAL ADDRESS
801, 8th Floor, Touchstone House,
7 Bree Street, Cape Town, 8001 | Dx 74 Cape Town

GPS Co-ordinates: 33°55'3.644:"S 18°25'19.66"E

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