The parent company of several fine dining restaurants located in iconic Australian locations has collapsed with $23million of debt and more than 200 jobs at risk.
Good Group Australia, the owner of the high-end steak chain Botswana Butchery and several Asian venues, announced last month that it had entered voluntary administration.
The famous Botswana Butchery sold steaks for as high as $500 a piece across sydney/index.html” id=”mol-ec4ba100-0850-11ef-838f-e340add176cd”>Sydney, melbourne/index.html” id=”mol-ec4b04c0-0850-11ef-838f-e340add176cd”>Melbourne and Canberra restaurants.
Those three restaurants employ 200 staff, and all branches continue to operate.
However, three other major businesses under the group – White and Wong’s in Sydney’s Martin Place and Melbourne’s Chadstone, and Wong Baby in Melbourne’s Chapel St – have ceased trading.
Good Group Australia, the owner of high-end teak chain Botswana Butchery (pictured), entered voluntary administration last month
A report sent to creditors this week, obtained by News.com.au, revealed the group owed some $23million with Andrew Sallway and Duncan Clubb, from BDO Australia, appointed to oversee its seven businesses.
Good Group owe $9.7million to Commonwealth Bank in secured debt and $4.5million to other creditors, including landlords, suppliers and its employees.
Its debt to landlords alone stands at…
