Yahoo Finance George Calombaris lists $4.8 million Toorak mansion
Embattled celebrity chef and former MasterChef judge George Calombaris has listed his multi-million dollar Toorak home as his restaurant empire faces voluntary administration.
Calombaris’ MaDE Establishment could go into administration within hours, with its management team set to meet on Monday afternoon.
The group employs around 500 staff at its 18 restaurants, but became the subject of a high-profile wage-theft case last year which saw him accused of underpaying staff a massive $7.83 million.
It’s reported that staff and creditors will be paid, although some of MaDE’s less profitable stores will be shifted.
"My thoughts and concerns would be for all of the employees of his company," Victorian Jobs Minister Martin Pakula said on Monday.
"In that regard, I would hope that any conversations that are had with bankers and administrators are such that those people are able to keep their jobs."
Calombaris has now listed his and his partner Natalie Tricarico’s Toorak mansion weeks after selling his Safety Beach holiday house in January.
The couple bought the home, held in Tricarico’s name, in 2013 for $4.75 million.
The five bedroom home has four bathrooms and five car spots, a swimming pool and an indoor space that can be converted into a gym or theatre.
It also features marble kitchen benches, according to the 2013 listing
Domain lists its indicative price as ranging between $4.84 million and $6.2 million.
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