A popular South Yarra nightclub that was recently the target of two firebombings and a drive-by shooting has been placed into external administration.
The owners of The Emerson Rooftop Bar and Club filed documents with the corporate regulator on August 13 and declared that insolvency firm Mackay Goodwin had been appointed to oversee the embattled venue on Commercial Road.
A spokesman for Emerson Holdings (Aus) Pty Ltd said the recent campaign of arson attacks, shootings and kidnappings involving licensed venues across Melbourne had taken a significant toll on the business.
“The impact has extended well beyond the immediate physical damage, resulting in substantial recovery costs, operational disruption and sustained financial pressure on the business,” a company spokesman said.
However, he insisted The Emerson would remain open and trade as normal.
“voluntary administration provides an independent framework to preserve value, assess the options available to the company and pursue…