Asian food chain, Miss Chu, has been placed in voluntary administration just days before Christmas.

It follows the voluntary administration of upmarket food and grocery chain, Jones the Grocer last week.

Miss Chu operates six retail tuckshops and a catering business in NSW.

Rahul Goyal of Janna Robertson of KordaMentha Restructuring have been appointed  as administrators of Miss Chu Pty Limited and Miss Chu Manly Pty Limited.

The Melbourne and London MissChu businesses are not affected by the voluntary administration.

The administrators have taken full control of the day to day operations of Miss Chu and are working with the management of Miss Chu to explore various options while continuing to operate the retail and catering businesses.

“It is business as usual whilst we explore the various options including the going concern sale of the MissChu business,” Goyal said.

“The current plan is to offer the business as a going concern in the first quarter of 2015.”

MissChu began as a catering business in 2007 and has expanded into retail tuckshops in Sydney, Melbourne and London. MissChu is well known for serving freshly made Vietnamese food.

Goyal said it appears the financial pressures of MissChu have been caused by the lack of controls over fixed costs in the business, the expansion of the retail tuckshops through trading, and the closure of the Opera House premises without notice.

He said these will be investigated as part of the process.

MissChu currently employs 190 people across the retail tuckshops, the commercial kitchen and head office. Employees are being advised of developments on a regular basis.

The immediate priority is to implement controls in the business, reduce fixed costs, and notify all stakeholders of the appointment of the voluntary administrators.

The first meeting of creditors is scheduled to be held in Sydney on January 7.