Celebrity chef George Calombaris' empire is on the brink of collapse and could be placed into voluntary administration as early as this week, with about 500 employees facing an uncertain future.
have been told by several hospitality sources that senior staff have been informed of the crisis meeting where the fate of the business will be determined. Sources have said employees and suppliers will be paid out under the deal, regardless of the outcome of the meeting.
In December, Hellenic Hotel in Williamstown was relaunched as Hotel Argentina, while Hellenic Kew transformed into an Italian restaurant, Vita. Hellenic Republic in Brunswick East re-opened as Crofter Dining in mid-January. Multimillionaire Radek Sali, the former chief executive of Swisse vitamins, made an ill-fated foray into the hospitality industry when he took a major stake in Calombaris' restaurants in 2016. However, within months a string of payroll discrepancies were identified and the Fair Work Ombudsman opened a major investigation.
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Calombaris in crisis meeting to save empireExclusive: 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 | Gemimac
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