In late 2013, Tourism Australia launched a new international campaign with the theme Restaurant Australia by focusing on the countrys food and wine industries to target global foodies and wine connoisseurs. There could be less good restaurants after insolvency group Ferrier Hodgson placed under receivership one of the biggest hospitality groups in Australian with about 20 dining establishments, bars and pubs.
News.com.au reports that failure by the board of the Keystone Hospitality Group to reach an agreement with lenders on key aspects of its financial structure resulted in the company placed under receivership. Keystone owns six Jamie’s Italian restaurants in Sydney, Perth, Canberra, Brisbane and Adelaide. It also owns 17 ot…
Read the full article at: http://www.ibtimes.com.au/insolvency-group-places-australian-restaurant-giant-keystone-hospitality-group-under-receivership