According to a press release from Ferrier Hodgson, the firm appointed as Keystone's receiver, the decision was made after lenders were unable to reach agreement with the group’s board on key aspects of Keystone’s financial structure.
Receivers will spend the next few days examining the various Keystone venues and deciding on a course of action. Ferrier Hodgson partner Morgan Kelly, the receiver appointed, insists all venues will continue trading as normal.
“For employees, venue operations and customers, it is business as usual as we undertake the sale process,” says Kelly.
The full list of venus included are:
The Winery Jamie’s Italian Sydney
Jamie’s Italian Perth
Jamie’s Italian Canberra
Jamie’s Italian Brisbane
Jamie’s Italian Adelaide
Jamie’s Italian Trattoria
Broadsheet will bring you more details as they come to hand.