Seven of Hobart’s best-known bars and restaurants will shut immediately after the hospitality group behind them collapsed into voluntary administration, Pulse can reveal.
The Pub Banc Group operates Cargo Bar, Jack Greene, Post Street Social, Observatory Bar, Republic Bar, Franklin Wharf Restaurant and Bar and Franklin Wharf Function Centre.
The venues span Salamanca, the waterfront and North Hobart and employ more than 80 staff.
Registered liquidator Adam Johnston of Hobart firm Apex Advisory was appointed voluntary administrator on Monday.
The venues will stop trading straight away while an urgent sale process gets underway.
Staff were told…