A whole slew of Aussie bars and hospitality joints – including Bungalow 8, Cargo Bar and The Rook in Sydney – are being sold off after parent company The Keystone Group went into receivership today.
Despite happening at a time when a bunch of places are shutting down thanks to Sydney’s wildly, wildly unpopular lockout laws, Keystone is going to into receivership thanks to “An inability to reach agreement with the Board on key aspects of the Keystone Group’s financial structure.” which I’m sure means something to the people involved.
17 venues are set to be sold off, including all of the Jamie’s Italian restaurants, so the future is shaky for deluded punters under the mistaken impression they’ll see the chef himself if they go to one of them.
Here’s the full list:
- Bungalow 8
- Cargo Bar
- Chophouse Perth
- Chophouse Sydney
- Gazebo
- Jamie’s Italian Sydney
- Jamie’s Italian Perth
- Jamie’s Italian Canberra
- Jamie’s Italian Brisbane
- Jamie’s Italian Adelaide
- Jamie’s Italian Trattoria
- Kingsleys Brisbane
- Kingsleys Woolloomooloo
- Manly Wine
- Sugarmill Hotel
- The Rook
- The Winery
Morgan Kelly from insolvency management group Farrier Hodgson says for now the venues will all keep trading:
“For employees, venue operations and customers, it is business as usual as we undertake the sale process.”
So I guess for now you are safe to go chow down on some pasta and keep an eye out for Jamie Oliver‘s distinctive Cockney twang.
Source: Stoney Roads.
Photo: Facebook / Bungalow 8.
