Celebrity chef Heston Blumenthal’s flagship restaurant at Melbourne’s Crown Casino has been placed in administration.
Dinner By Heston was handed to liquidators on Friday after a court hearing in Sydney.
COurt orders show that an application was made to wind up the company behind the restaurant on ‘grounds of insolvency’.
Company reports, shown to the Herald Sun, show the business made a loss of $492,004 in 2018 and a loss of $308,526 in 2017.
Tipsy Cake Pty Ltd, the company which owns the restaurant said the restaurant will continue to trade, saying “The voluntary appointment of the provisional liquidators will enable appropriate actions to continue the restaurant’s current successful and profitable trading and to fulfil its obligations.”
“The provisional liquidators’ role is a caretaker capacity, maintaining the status quo of the restaurant and they intend to continue to operate the now profitable business with the anticipated co-operation of Crown.
“There is no expectation of disruption to the restaurant’s highly acclaimed fine-dining experience and the intention is that all bookings will continue to be honoured in the normal course.”
Tips Cake has until January 3 to inform its employees of the situation.
While Dinner By Heston bears his name, Blumenthal does not own the business and the restaurant operates under a licence arrangement.