A restaurant co-owned by former MasterChef contestant Reynold Poernomo has abruptly folded, owing hundreds of thousands of dollars in wage claims and unpaid debts.

A company associated with former MasterChef legend Reynold Poernomo has collapsed, owing half a million dollars in workers wages, superannuation benefits and unpaid debts.

Arnoldpo Corporation Pty Ltd, the company that operated Poernomo’s Monkey’s Corner restaurant in Chippendale was forced into liquidation on May 28, a year after the award-winning premises abruptly closed its doors following a sudden Instagram post.

Poernomo first opened the Japanese-inspired venue with his two brothers Ronald and Arnold in 2017 shortly after he made his MasterChef debut in 2015.

A company co-owned by MasterChef star Reynolds Poernomo has collapsed, owing hundreds of thousands of dollars in debts. Picture: Supplied.

Monkey’s Corner was first opened in 2017 shortly after he made his MasterChef debut in 2015. Picture: Google.
Although the Instagram post promised the trio were “cooking up something new” it can now be revealed that administrators have been appointed to settle the company’s financial obligations, which include $500,000 in unpaid super and mammoth debts to the Australian Tax Office.

Despite hinting at a new culinary project, no new venue has been formally announced.

According to a report lodged with the Australian Securities and Investments Commission (ASIC), the company linked to Poernomo owes staff $76,000 in super repayments and $458,002.17 to the ATO.

The documents also showed that the company owes Sunnyside Financial Group and ASIC itself more than $5000 in fees.

Henry Kwok and Antony Resnick from the dVT group have been selected as interim liquidators.

It is believed Poernomo’s iconic dessert empire, Koi could also be under threat. Picture: Supplied.

It is believed that Poernomo’s iconic dessert empire Koi Kitchens, based in Chippendale, Ryde and Melbourne, could also be under threat.
The desert chain specialises in exclusive and intricate cakes and sweets and has received glowing praise from reviewers and industry aficionados.

The company that oversees the businesses, Art Plate Pty Ltd, underwent a sweeping financial restructure in 2024 which resulted in mass layoffs and cost cutting efforts.

The Daily Telegraph reported that multiple Koi suppliers had been pursuing the Poernomo brothers for unpaid invoices, some numbering in the tens of thousands of dollars.

Koi specialises in exclusive and intricate cakes and sweets and has received glowing praise from reviewers. Picture: Google.
One disgruntled supplier told same outlet he would stop trading with the Koi brand due to a string of unpaid wages.

Numerous Koi employees also claimed they have been hounding all three Poernomo brothers to be paid significant amounts of super and delayed wages, an issue which has been ongoing since December.

“We are chasing what we are owed, and it’s become very stressful and toxic,” they told The Daily Telegraph.

“Many staff have left.”

Although Poernomo is not named as a director in any of the family run companies, his website lists him as an owner and operator of the various businesses alongside his brothers.