Award-winning Sydney cocktail bar splits from Jon Adgemis’ Public Hospitality Group

·

The operator of award-winning Sydney CBD cocktail bar Maybe Sammy and Randwick pizzeria Maybe Frank have split from Jon Adgemis’ Public Hospitality Group.

According to The Sydney Morning Herald, Maybe Group founders Vince Lombardo and Stefano Catino announced the end of the partnership with PHG on Friday, July 12, and said the venues would be better served under Maybe Group’s wing.

Lombardo said their Paddington tequila bar El Primo Sanchez will also “transition” from PHG to The Maybe Group through a licence agreement. The pub where the bar is located was put up for sale last week.

Public Hospitality Group’s Jon Adgemis has had his flagship venue, El Primo Sanchez bar taken over by lender, Australia Pacific Mortgage Fund.
Public Hospitality Group’s Jon Adgemis has had his flagship venue, El Primo Sanchez bar taken over by lender, Australia Pacific Mortgage Fund.

This latest development is a fresh blow for Adgemis who struck a $400 million refinancing deal in May 2024 with Deutsche Bank, Gemi Investments, Archibald Capital and Muzinich & Co, to save his PHG from collapse.

Adgemis’ project started to fray after he took on hundreds of millions in debt at high interest rates from a variety of lenders just before financing costs rose. Some lenders started trying to sell off his properties, staff were left out of pocket, and suppliers were unpaid. The Australian Taxation Office also visited the pub group’s offices in early May 2024.

In June this year, operations at the Hellenic Club of Sydney’s Alpha restaurant and Beta Events were taken over by Con Dedes of Dedes Waterfront Group after PHG made a swift exit.

Other properties of Adgemis’ have also been seized by lenders. In Sydney’s Potts Point, Bank of Queensland has taken charge of one of his properties in Ward Avenue.

Source: The Sydney Morning Herald

Advertisement

Share:

KEEP UP TO DATE WITH TGH

By subscribing you accept our Terms of Service and Privacy Policy.

Advertisement

Latest News

Valentine’s Day, Greek Style: Two couples reflect on love, family and tradition

This year, The Greek Herald decided to speak with two Greek Australian couples from across the nation to ask them how they met.

‘It’s Story Time’ with Sophia Amarandos: A mini dating series on finding love

Sophia Amarandos is on her very own Bridget Jones-esque quest to find love, no matter how many glasses of wine and awkward dinners it takes.

Macquarie University leads the way in Greek Language Certificate awards ceremony

Over 200 people attended the award ceremony of the Certificates of Attainment in Greek Language 2024 that took place at Macquarie University.

Taste of the Aegean: Meet the Greek foodies bringing flavour to Antipodes 2025

This year’s Antipodes Festival is celebrating Greek culture and food with 'Taste of the Aegean,' proudly supported by The Greek Herald.

Inner West Hawks FC kick off 2025 season with memorable launch event

The Inner West Hawks FC officially launched their 2025 season with a vibrant celebration at Club Five Dock RSL on Wednesday, February 12.

You May Also Like

‘They worked for you and me’: Content creator Kat Zam honours our Greek immigrant roots

Zam has launched her new series Greek Diaspora Stories in hopes of preserving the wealth of stories of the first Greek immigrants.

Bronze medal for Rita Kitsiou in taekwondo at U21 European Championship

For the second time in the three years, Agoritsa Artemia (Rita) Kitsiou, was on the podium of the winners in a European U21 championship.

Pontians to hold Greek Genocide commemoration event in Sydney

On Sunday May 19, the Pontian Community of Sydney will host a Remembrance Day and Commemoration of the Greek Genocide.