FAST FOOD RESTAURANTS – UNITED STATES

Pie Face hit with third New York lawsuit

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Original article by Eli Greenblat
The Australian – Page: 19 : 18-Dec-14

The landlord of a retail outlet in New York for collapsed Australian fast food chain Pie Face has launched a Supreme Court case to recover $US620,000 ($A760,000), after the company allegedly caused structural damage to the building. This is the third law suit against Pie Face in New York, with another property owner also seeking $US50,000 in outstanding rent charges and a building firm demanding to be paid close to $US120,000 for work at one of the stores

CORPORATES
PIE FACE PTY LTD, SUPREME COURT OF NEW YORK, NEW YORK ENVIRONMENTAL CONTROL BOARD

Pie in the sky expansion plans leave investors short

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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