McGrathNicol

RECYCLED PUBLIC PUBS RESOLD

Posted on June 15th, 2026 by Clyde Mooney
The unwinding of Jon Adgemis’ Public Hospitality group has further unfurled, with Annandale’s Empire and the South Bondi Hotel sold out of receivership again, along with Balmain’s shuttered Exchange. Mid-2025 Millinium Capital, led by Tom Wallace – a long-time friend

MILLINIUM TANKS DEPOSITS ON ADGEMIS PUBS

Posted on May 6th, 2026 by Clyde Mooney
Would-be pub magnate Tom Wallace, who agreed to the purchase of seven of the pubs from Jon Adgemis’ failed Public Hospitality portfolio, has forfeited millions in deposits after failing to settle. Major lenders to Public Hospitality included Deutsche Bank, which