Caffe Italiano owner made bankrupt

Last updated 12:13 17/12/2012
caffe italiano
FAIRFAX

BUONGIORNO: The Caffe Italiano in 2008.

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One of the owners of the former Caffe Italiano Cuba St store has been made bankrupt.

Joint shareholder George Apostalakis, who owned the business with Massimo Giurioli, had applied to liquidate Caffe Italiano - now re-branded as Italian on Cuba - in April 2011.

Associate Judge David Gendall granted that application, noting in his decision that the business was then insolvent and trading on a cash only basis.

Yesterday, the BNZ asked for Mr Giurioli and his wife Diane Patricia to be made bankrupt after settlement discussions between the two parties were not accepted.

Associate Judge Gendall said the bank’s application was unopposed by the Giuriolis.

Mr Giurioli is also the director of Serio Imports (a creditor of Caffe Italiano Wellington), Caffe Italiano Majoribanks and Caffe Italiano Molesworth.

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