Melbourne‘s KOI Dessert Bar, founded by MasterChef star Reynold Poernomo and his brothers, has entered voluntary administration little more than a year after opening its doors.
The Queen & Collins venue launched in July 2024 with a 42-seat dining room, retail patisserie, and high-end dessert sculptures.
It marked KOI’s first expansion outside Sydney, where the brand has two outlets.
Administrator reports show the Melbourne operation’s parent company, Poernomo Enterprise, owes creditors more than $1.6 million, much of it to related parties including family members and affiliated businesses.
Managing director of KOI Dessert Bar, Reynold’s brother Ronald, told News Corp that the establishment was continuing to trade during the administration process.
‘KOI Dessert Bar has since begun the process of seeking a new licensed retailer to take over the Melbourne location, in line with our commitment to uphold the quality and reputation of the KOI brand,’ he said.
Melbourne ‘s KOI Dessert Bar, founded by MasterChef star Reynold Poernomo (pictured) and his brothers, has entered voluntary administration little more than a year after opening its doors
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