The Sydney Morning Herald logo
Advertisement

Moran to stage a Bondi rescue

Matt Moran and Peter Sullivan.
Matt Moran and Peter Sullivan.James Brickwood

One of the last assets in Robert Marchetti's rapidly evaporating Australian hospitality empire may be passed to Aria's Matt Moran and Peter Sullivan. They are involved in a successful play to snap up North Bondi Italian Food. This month Short Black revealed pub group Solotel, already a partner with Moran and Sullivan in several restaurant and bar ventures, had entered the race for North Bondi Italian Food. It'd be another joint venture, and word is a deal has been signed to purchase the restaurant.

"I can't comment on that, we're bound by a confidentiality agreement," a senior Solotel spokesman told the Herald. We'll take it as a yes. Word is there are a few conditions to be met in the contract, with the deal including a long lease. Marchetti has been under pressure to offload the restaurant and talk of $1.5 million price tag for NBIF is welcome given financial pressure on his embattled interests. His Melbourne restaurant Giuseppe, Arnaldo & Sons was placed in liquidation with more than 100 creditors owed $1.6 million, and Marchetti also owes money to the landlord of his former upmarket eatery, Neild Avenue, in Rushcutters Bay.

Restaurant reviews, news and the hottest openings served to your inbox.

Sign up

From our partners

Advertisement
Advertisement