Jon Adgemis' Public Hospitality Group: The trail of pain behind Deutsche Bank's rescue deal with PHG
A dangerous incident two years ago was a sign of things to come for the hospitality baron.
Source: afr.com
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A dangerous incident two years ago was a sign of things to come for the hospitality baron.
The Tax Office is knocking on the door of Jon Adgemis’ embattled pub group for more than $10 million as the former KPMG rainmaker attempts to save his empire.
The $10b Endeavour Group put the brakes on acquisitions, but its smaller rival says it could buy 20 pubs this year “quite comfortably”.
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Its business with the heavily indebted Public Hospitality Group is over.