Popular Japanese restaurant Okami has placed more than a dozen of its venues into voluntary administration across the country.
The all-you-can-eat restaurant said the effects of the pandemic combined with rising inflation led to a decline in sales.
Impacted venues include eight in NSW, five in Victoria, two in the ACT and one in South Australia.
Grant Thornton’s Philip Campbell-Wilson and John McInerney were appointed joint administrators on December 15.
“Based on our initial discussions with the founder of the Okami business, they believe there has been a lag effect from the COVID-19 pandemic combined with inflationary pressure on costs which has led to a de…
Read the full article at: https://www.9news.com.au/national/okami-popular-japanese-restaurant-places-16-venues-into-voluntary-administration/17c289b4-c6fa-438e-b733-d9acfe5cab61