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Australia Buyers swoop on Calombaris restaurants

07:45  14 february  2020
07:45  14 february  2020 Source:   theage.com.au

Calombaris creditors, staff seek payment

  Calombaris creditors, staff seek payment Creditors of celebrity chef George Calombaris' former empire met with the administrators as the sale of two more iconic food venues was announced. George Calombaris' collapsed food empire is likely to be placed into liquidation before a second creditors' meeting next month. About 80 creditors attended an almost two hour-long meeting on Thursday with administrators of the 12 venues the celebrity chef put in their hands last week.KordaMentha administrator Craig Shepard said a report on MadE Group's affairs will be released on March 10 and the next creditor's meeting will be on March 17.

George Calombaris ' restaurant empire COLLAPSES into administration with 12 of his venues to close immediately and 500 jobs at risk - on the same day he put his sprawling m mansion up for sale. George Calombaris ' restaurant empire has gone into voluntary administration.

We are very fortunate to have been given the opportunity to design and build a custom Wood Fired Oven for George Calobaris restaurant ; Hellenic Republic in

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Rival restaurateurs have seized the opportunity to own a piece of George Calombaris’ fallen empire, with most of his old restaurants and some of his Jimmy Grants souvlaki outlets close to being sold.

Since the Made Establishment company chaired by Radek Sali and part-owned by Calombaris was placed into voluntary administration at the start of the week, the KordaMentha team handling the liquidation has fielded calls from more than 80 prospective buyers.

George Calombaris' Made Establishment restaurant group collapses

  George Calombaris' Made Establishment restaurant group collapses The celebrity chef confirmed his business, which employs 500 staff at 18 locations, had been placed into the hands of administrators today. "Although we have all continued to work tirelessly and overcome the many challenges we have recently experienced, it is with deep sadness and regret that today MADE Establishment has been placed into voluntary administration," Mr Calombaris wrote.https://www.instagram.com/p/B8YEzVgFVgR/?utm_source=ig_embed&© Domain Chef George Calombaris made the announcement on Instagram this afternoon.

George Dimitrios Calombaris (born 4 October 1978) is an Australian chef and restaurateur. Calombaris was one of the judges of the Network 10 series MasterChef Australia from 2009 to 2019.

The once-bustling restaurants of disgraced ex-Masterchef judge George Calombaris have suddenly fallen silent in the city he was once hailed a culinary king. Anyone home? George Calombaris ’ once-thriving restaurants across Melbourne sit idle and deserted with lights off and chairs upturned after

George Calombaris in glasses looking at the camera: George Calombaris restaurants empire is being sold off in pieces. © ABC George Calombaris restaurants empire is being sold off in pieces. The list of interested parties included a roll call of Australia’s best known chefs and restaurant industry figures.

As of Friday, the parties were nearing in-principle agreements for the sale of three of Made’s five restaurants and a group of the Jimmy Grants stores.

The prospective sales, which are subject to three-way negotiations between the administrators, the buyers and the landlords of the properties which house the eateries, increase the likelihood that some of the 500-odd staff who lost their jobs on Monday will be re-employed in their old workplaces.

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A dozen eateries closed their doors when Made collapsed beneath beneath the weight of a $7.8 million wages scandal; Calombaris’s flagship Press Club restaurant (recently rebranded as Elektra), his Hellenic Republic restaurants in Brunswick East, Brighton, Kew and Williamstown, and a string of Jimmy Grants outlets.

Workers found out about collapse of George Calombaris’ restaurants via Instagram: A lesson in crisis communications

  Workers found out about collapse of George Calombaris’ restaurants via Instagram: A lesson in crisis communications Celebrity chef George Calombaris' handling of the collapse of his restaurant empire is a lesson for small businesses in how not to communicate with workers.The MAdE group brought in administrators from KordaMentha earlier this week after the fallout from a $7.8 million wage theft scandal last year left the companies reeling financially and Calombaris’ reputation in tatters.

A Singaporean investor has swooped on three properties that house restaurants leased to reality TV chef George Calombaris . Keppel REIT Management Limited paid .61 million for the properties at 2 Exhibition St and 52 and 72 Flinders St, which are home to the renowned Gazi and The Press Club

Over the next three months alumni chefs will return to the kitchen and old dishes will be resurrected.

It is understood that, at the time of their closure, the renamed Crofter Dining Room & Bar in Brunswick East and Hellenic Republic in Brighton, where Calombaris had returned to the kitchen, had continued to trade well reasonably well.

By contrast, the rebranded Hotel Argentina in Williamstown was a flop and Vita Ristorante in Kew never got going. Becco owner Simon Hartley, brought in to oversee Vita, was on the job only two days before it closed its doors.

The proceeds from any sales will go to the Commonwealth Bank, which is owed about $10 million.

Radek Sali, whose auditors first detected the widespread underpayment of wages shortly after he bought into Made in December 2016, has sunk an estimated $25 million to $30 million of his personal fortune into the business.

He expects to get none of it back.

In his first public comments since Made’s collapse, the former Swisse Vitamins chief executive described the past few weeks as some of the saddest and challenging of his business career.

“This has been deeply felt,’’ he said. “We did everything in our power to try and avoid this result.

“Sadly, my good friend and colleague George has carried a huge amount of the burden and things have not been much better for our extraordinary team at Made.”

Mr Sali said despite Made’s directors including Calombaris reporting the underpayment of wages to the Fair Work Ombudsman and paying back all money owed to staff, the reputational damage to the business was “irreparable”.

“All staff have been paid up to date and will receive their entitlements as part of the administration process and will be redeployed swiftly into jobs with our support wherever possible,’’ he said.

“It is our expectation that we will receive zero cents in the dollar from the administration process.”

How George Calombaris's empire collapsed .
Celebrity chef will have been hit hard by yesterday's announcement that 22 companies in his MAdE Establishment Group have gone into administration. It is a chastening development.As a long-time judge on Masterchef, for years the restaurateur was one of Australia's most popular television celebrities.© Good Weekend / Kristoffer Paulsen George Calombaris' MAdE Establishment restaurant group has collapsed into voluntary administration following an ongoing scandal over worker's wages.

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