Okami restaurant faces uncertain future
This story is updated here.
The Okami Japanese restaurant in Evans St, which opened in late 2019, has been put into voluntary administration by its owners Okami Distribution.
The all-you-can eat restaurant is one of 16 with an uncertain future, with its owners blaming inflation and the covid pandemic as being behind its decision. The 16 restaurants are under the management of the firm, and not part of its franchise network.
A spokesperson for the administrators Grant Thornton says it has an agreement with Okami to continue trading the businesses during the voluntary administration period – the restaurants will open during Christmas as normal.
The company says this will preserve the value of the business and provide an opportunity to consider a restructuring of the business.