Sydney Collective: The end of Fraser Short's wild hospitality ride
The decision by creditors to accept a deed of company administration proposal from Fraser Short ends a tumultuous 12 months for the former hospitality star.
Source: afr.com
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The decision by creditors to accept a deed of company administration proposal from Fraser Short ends a tumultuous 12 months for the former hospitality star.
The Sydney Collective, which operated Frasers Short’s once booming hospitality empire of pubs and restaurants, owes creditors almost $6m.
All up, the businessman has cleared some $170 million selling assets in the last year. The reason why has become a well-worn subject among fellow hoteliers.