A serious restaurant chain with six areas has collapsed, out of the blue shutting all venues.
Metropolis Vineyard Brisbane Pty Ltd made the choice to enter voluntary liquidation on Wednesday, closing all venues throughout Queensland’s capital metropolis.
Simply 5 years after opening its first venue, all eating places have now closed together with its Fortitude Valley and Edward St areas, in addition to Ardo’s areas at Newstead, Milton, Hawthorne and Graceville.
Metropolis Vineyard CEO Dave Cush mentioned the rising cost-of-living disaster, in addition to the influence of the Covid-19 pandemic led to the corporate’s demise.
Mr Cush mentioned he was ‘heartbroken’ to make the ‘extremely troublesome determination’.
‘A drastic drop in shopper spending fuelled by the present price of dwelling and rate of interest atmosphere, coupled with will increase in labour and operational prices, have all had too nice of a compounding influence on our enterprise, together with the historic results of Covid and lockdowns, for us to proceed to function,’ he mentioned.
Mr Cush mentioned the current opening of The Star was the ‘remaining nail’.’We merely can not compete with an operation of that scale,’ he mentioned.
All venues have out of the blue closed.
It’s understood plenty of workers have been terminated.
Darren Vardy from Insolvency Choices Pty Ltd has been appointed as liquidator.
Metropolis Vineyard launched its first venue in 2019, opening a transformed warehouse on Wandoo St providing winemaking masterclasses.
It was Brisbane’s first inner-city vineyard since 1860, with a second location opening on Edward St not lengthy after.
Ardo’s launched in 2023 with its 4 venues.
Mr Cush provided his ‘heartfelt apologies’ and thanked clients for his or her help through the years.
‘You are the explanation we stored going so long as we may,’ he mentioned.
‘I am deeply sorry and distraught on the influence this has prompted to your companies.’
