Original article by Eli Greenblat
The Australian – Page: 20 : 25-Nov-14
Jirsch Sutherland has been appointed voluntary administrator of the collapsed Pie Face fast food outlets chain. It has 78 sites in Australia, and had been pursuing aggressive expansion into overseas markets such as the US before a planned IPO worth about $A150m. In October 2014 the company shut six of its seven stores in New York. There are reports Pie Face sourced close to $A50m over the past four years from high-net worth individuals such as Brazin founder Brett Blundy and US casinos entrepreneur Steve Wynn
CORPORATES
PIE FACE PTY LTD, JIRSCH SUTHERLAND, BRAZIN LIMITED, BB CAPITAL PTY LTD, NM ROTHSCHILD AND SONS (AUSTRALIA) LIMITED, ENERO GROUP LIMITED – ASX EGG, CITIGROUP PTY LTD