Jon Adgemis is being pursued over alleged debts by Richard Gazal, the son of late rag trader Joe Gazal, the latest in a string of legal actions against the former KPMG dealmaker turned hospitality investor.
Mr Adgemis’ Public Hospitality Group, which has about 20 properties, has been struggling with cash flow problems and is saddled with high debts. The Australian Financial Review’s Street Talk column reported in November that Macquarie sold out of its exposure to the group.
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Primrose Riordan covers private companies and family offices from the AFR's Sydney newsroom. Primrose was previously a correspondent for the Financial Times and covered foreign affairs and politics in Canberra. Primrose has won multiple awards for her journalism including from The National Press Club, SABEW in the US and Press Gazette in the UK. Message Primrose on Signal: https://tinyurl.com/PrimroseSignal Connect with Primrose on Facebook and Twitter. Email Primrose at primrose.riordan@afr.com
