Italian restaurant chain Criniti’s has gone into voluntary administration due to high overheads and low consumer spending.
It means the Kotara rooftop branch could be forced to close.
The Directors of Criniti Restaurant Group appointed Worrells Solvency and Forensic Accountants as administrators after a meeting on Monday.
The group operates 13 venues in Sydney, Melbourne, Perth and Brisbane – and it’s expected administrators will close the weakest performers as a matter of priority.
Staff have been told there will be job losses, though nothing has been set in stone as yet.
Image credit: Fairfax Media
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