The company behind the Jamie’s Italian chain of restaurants across Australia has been placed in receivership after it failed to see eye-to-eye with its lenders.

Ferrier Hodgson said the board of the Keystone Hospitality Group couldn’t reach an agreement with the lenders on key aspects of its financial structure.

The group’s assets, which include Jamie’s Italian restaurants in Sydney, Perth, Canberra, Brisbane and Adelaide, may be sold as a whole or broken up.

Receiver Morgan Kelly said the venues would continue to trade as usual in the meantime.

“Given the current buoyant hospitality market, we anticipate a lot of interest in the sale of the venues,” Kelly said.

The Keystone Group website says the company was founded in 2000 with the opening of Cargo Bar, which was popular with locals and international revellers during the Sydney Olympics.

AAP

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