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Jamie Oliver's Australian restaurant group collapses

Jamie Oliver's Australian restaurant group collapses

Photo: Network Ten On April 6, KordaMentha emailed BDO to arrange a meeting with the Jamie Oliver group’s Australian directors to discuss voluntary administration.

The company’s advisers, shareholders and the proposed purchaser, Hallmark Restaurant Holdings (Australia), met to discuss the sale.

Advisers and lawyers for all sides of the deal held a conference call on April 9 “to discuss options with Hallmark to trade the business in advance of completion of the proposed sale” via a licence agreement with any administrators.

Last Friday, Shaughnessy, along with several members of the Hallmark and BDO teams held a conference call “to prepare a plan for ‘Day 1’ of the voluntary administration, including communication with stakeholders and coordinating attendance at restaurants and head office”.

Photo: Jamila Toderas On Monday, April 16, Shaughnessy called in the voluntary administrators.

Source: www.smh.com.au
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