A fine dining restaurant chain that sold steak for as much as $500 a piece and spanned across three Australian states has gone bust.
On Tuesday, hospitality business Good Group Australia, which operated the Botswana Butchery chain and three other Asian restaurants, plunged into administration.
Botswana Butchery had high-end steakhouses in Sydney, Melbourne and Canberra in prime locations.
Meanwhile, three other businesses which also traded under the group’s banner, White and Wong’s, based in Martin Place in Sydney and Chadstone in Melbourne, and Wong Baby in Melbourne’s Chapel St, have also been impacted.
Although the Botswana Butchery chains continues to operate its restaurants, the other restaurants have ceased trading.
The appointed administrators, Andrew Sallway and Duncan Clubb of insolvency firm BDO Australia, said that
“White & Wong’s Sydney ceased to trade upon our appointment, while White & Wong’s Chadstone and Wong Baby Chapel ceased to trade before our appointment”.
They said they have begun an “urgent assessment” of the company’s affairs and would be looking to restructure the businesses or sell it to someone else in its totality.
News.com.au has contacted the administrators for comment on how…