A Brisbane Korean barbecue icon will live on to grill another day after what is understood to be a payroll tax scare that could have pushed it to the brink, striking a deal with creditors to keep three restaurants afloat.
The restructuring plan developed with restructuring experts SV Partners was accepted by creditors Maru Hospitality Pty Ltd and Maru International Pty Ltd, which means the two companies have successfully progressed through the initial small business restructure phase.
A Brisbane institution, Maru Restaurant on Elizabeth Street has been a staple of the citys dining scene since 2011, and expanded to include a separate Maru Grill House in the CBD on Mary Street, as well as Maru Grill House in Cannon Hill servicing suburban …
Read the full article at: https://www.businessnewsaustralia.com/articles/brisbane-korean-bbq-icon-maru-salvaged-by-restructuring-plan-with-creditors.html