Pacific Hunter News Today

Overnight in asia, the nikkei flat. Hang seng and shanghai were weaker. The shanghai down by 0. 8 . In europe this morning, some of the early trade, just 24 hours after that announcement from british Prime Minister theresa may about a new snatp election, things have turned around. Yau european markets in the green. The cac and dax up by 0. 3 . The tenyear yield in the United States fell to a low of 2. 165 on tuesday. That was the lowest level since november 10th. Well keep a close eye on that to...

One of Australia’s largest hospitality groups is in the spotlight after the departure of senior staff.

The billionaire has spent at least $900 million building a sprawling hospitality and residential empire. But there’s one business he is happy to leave in the shadows.

Quadrant Private Equity’s Pacific Hunter, which operates restaurant chain Fratelli Fresh, has been handed a lifeline after refinancing by its two lenders.

Multiple sources say Korea’s Shinhan Bank has been seeking to sell its circa $136 million loan to Pacific Hunter to secondary funds.

A stable of restaurants and bars that boomed prior to the pandemic are now under threat as their parent company seeks to slim down operations amid the cost of living crisis.

Sources said the focus would be at Pacific Concepts, the part of the business that owns casual dining venues like Fratelli Fresh and El Camino Cantina.