US EditionBill Ferg's Lobster Cave in Melbourne enters administration amid financial turmoil
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Bill Ferg's Lobster Cave in Melbourne enters administration amid financial turmoil
The Lobster Cave, a well-known seafood restaurant in Beaumaris operating since 1987, has entered administration after its owning company, Lob Nominees, collapsed into insolvency. According to the Herald Sun, administrator Stephen Dixon of Hamilton Murphy has been appointed to assess the business and oversee operations, with more than 60 staff currently employed. Owner Vasilios Fergadiotis, better known as Bill Ferg, faces mounting personal finan…
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