Poernomo Enterprise Pty Ltd - Voluntary Administration

Poernomo Enterprise Pty Ltd, the company behind KOI Dessert Bar in Melbourne, entered voluntary administration on 3 August, with Patrick Loi and John Chand of Greengate Advisory appointed voluntary administrators.

The company was founded in July 2024 by Reynold Poernomo (who gained acclaim when he placed fourth in the 2015 season of MasterChef) and his brothers, marking KOI’s first expansion outside of Sydney.

Unfortunately, it is not the first of Mr Poernomo’s businesses to face difficulty—his Monkey’s Corner Japanese restaurant and bar in Sydney entered liquidation in May. KOI’s Sydney venues in Ryde and Chippendale remain unaffected.