The administrators of George Calombaris' former restaurant empire have been forced into a booze fire sale to pay back some of the $22 million owed to creditors. Administrators of George Calombaris's MAdE Establishments restaurant empire have auctioned off as many as 8000 bottles of alcohol from six bars to pay back creditors. The result was revealed in financial documents just as an up-market Melbourne yoghurt chain backed by Calombaris, Yo-Chi, was dragged into a fresh debt scandal. The once-thriving Melbourne-based restaurant empire he founded previously operated 18 venues including the Press Club, Gazi and Hellenic Republic. The trio have this year been replaced by Melissa Leong, Jock Zonfrillo and Andy AllanKordaMentha announced it had been appointed voluntary administrators earlier this year.

Source: Daily Mail July 06, 2020 03:49 UTC