Good Group Australia, the entity behind the Botswana Butchery brand and the Asian dining concept White & Wong, has initiated voluntary administration proceedings.
The fate of three Botswana Butchery establishments in Sydney, Melbourne, and Canberra – each launched in February 2024 – is presently uncertain. These venues continue to operate as usual.
The predicament for the related dining experiences, White + Wong’s and Wong Baby, is considerably more severe, with operations at all sites coming to a halt.
Appointed administrators from BDO Australia, Andrew Sallway and Duncan Clubb, have embarked on what they term an “urgent assessment” of the firm’s financial status.
Their objective is to investigate avenues for restructuring or potentially selling the business as a whole.
Good Group Australia made its foray into the Australian hospitality scene in 2022, inaugurating Botswana Butchery outlets at Martin Place in Sydney and Flinders Lane in Melbourne.
Famed for its opulent offerings, such as the A$500 gold leaf-adorned wagyu tomahawk, the Botswana Butchery brand originated in Queenstown, New Zealand.
Notwithstanding the challenges faced in Australia, BDO has affirmed that the operations in New Zealand are not impacted.
Australia’s hospitality industry has encountered significant headwinds recently, with multiple establishments grappling with financial woes.
Eateries including The Elements Bar & Grill chain and Bondi Pizza have gone into administration, putting numerous jobs at risk, as reported by news.com.au.
Sydney’s Oporto was necessitated to settle a substantial tax obligation, while Victoria’s Legacy Hospitality Group foundered in 2023, burdened by heavy debts.