•   
  •   

Australia Buyers swoop on Calombaris restaurants

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

Calombaris in crisis meeting to save empire

  Calombaris in crisis meeting to save empire The hospitality empire of celebrity chef George Calombaris is on the brink of collapse and could be placed into voluntary administration as early as this week, with more than 500 employees facing an uncertain future. A decision to appoint an administrator to oversee Made Establishment is set to be made at a meeting on Monday afternoon, months after the ailing business was battered by a major underpayment scandal and a tsunami of negative media coverage.© Simon Schluter George Calombaris did not respond to requests for comment.

George Calombaris ' restaurant empire is being sold off in pieces. Credit:ABC. The list of interested parties included a roll call of Australia’s best known 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.

Buyers swoop on Calombaris restaurants . 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.

Video provided by Today

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.

Fate of George Calombaris ' restaurant empire could be decided TODAY as potential buyers give hope to 400 workers whose jobs hang in the The fate of 12 restaurants shuttered by the collapse of George Calombaris ' restaurant empire hangs in the balance as administrators desperately try to find

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

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.

Pictures: Celebrity chefs: Then and now

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.

From Heston to Calombaris, these celebrity restaurant wage-theft scandals point to a bigger problem

  From Heston to Calombaris, these celebrity restaurant wage-theft scandals point to a bigger problem The latest celebrity-chef-linked wage-theft scandals involving Heston Blumenthal and George Calombaris are the tip of the iceberg for wage exploitation in the hospitality industry. Blumenthal joins a line of celebrity chefs linked to cases of million-dollar wage theft.There’s former Masterchef judge George Calombaris’s company underpaying staff by $7.8 million. There’s Shannon Bennett’s Vue de monde restaurant accused of forcing staff to work up to 30 hours of unpaid overtime each week.

The administrator of George Calombaris ' restaurant empire will announce the sale of three restaurants at a creditor's meeting on Thursday, after a flurry of talks The food empire founded by George Calombaris collapsed on February 10 but hopes are high that the restaurants can be saved.

The failed restaurant empire of television chef George Calombaris is being partly sold off. Buyers have been found for three of his Melbourne restaurants as

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.”

The real losers from the Calombaris collapse are the 400 people left without work .
The unions and media piled on celebrity chef George Calombaris after his restaurant empire underpaid workers, but what did it all achieve?When I was a young articled clerk at Freehills I spent a few months working in the most employer-friendly industrial relations team in Australia.

usr: 1
This is interesting!