The rise and fall of Grocon
When Daniel Grollo addressed a creditors meeting on December 9 last year, it marked the start of the final chapter in the story of Australia’s most famous builder.
When Daniel Grollo, the third-generation leader of Melbourne’s most famous construction family, addressed creditors of 43 insolvent Grocon companies last December 9, he was both solemn and defiant.
Describing it as a difficult day in the 73-year history of Grocon, he said he was very sorry for the pain caused to employees and creditors, owed more than $100 million.
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