Intentar ORO - Gratis
Stepping Up To The Bar
Money Magazine Australia
|November 2018
Resilience can be a pretty useful attribute when the going gets tough.
Bar owner Sven Almenning’s survival in business was severely tested when lockout laws were imposed in 2014 in NSW to counter street violence in Sydney’s inner city. His upmarket venues – Eau-de-Vie in Darlinghurst and The Roosevelt down the road in Potts Point – were new at the time. He had also just leased a basement down a Melbourne back lane for a second Eau-de-Vie. There was plenty at stake.
“Our target demographic of 30-35 and up, mostly women, stopped going to Kings Cross,” explains Almenning. “We lost 40% of our business from one week to the next after the first king-hit punch. We were losing money two to three weeks in. Trade dropped by over 60% in five to six weeks.”
The first Eau-de-Vie had a strong following. Located behind a door labelled “Toilets” at the back of a hotel lobby, it was hard to find. But once inside, the cocktails were wonderful. It won World’s Best New Cocktail Bar, a prestigious award in the US, and is still listed among the top 50 bars globally – the 13th best at one point.
However, Almenning quickly had to revamp the concept behind The Roosevelt. Its point of difference was to draw people from around Sydney to a theatrically themed venue with signature, five-course cocktail degustation meals. They were hardly the rowdy types. “In every venue, I want a female-friendly environment. There are business reasons for that, but I find that environment doesn’t have much violence. There is not as much shouting, not as much crazy behaviour.”
Esta historia es de la edición November 2018 de Money Magazine Australia.
Suscríbete a Magzter GOLD para acceder a miles de historias premium seleccionadas y a más de 9000 revistas y periódicos.
¿Ya eres suscriptor? Iniciar sesión
MÁS HISTORIAS DE Money Magazine Australia
Money Magazine Australia
Staying true to purpose
When it comes to super funds, Australians are spoilt for choice with 21 industry funds, 57 retail funds and a variety of public service and corporate funds to pick from. This breadth of choice also highlights how difficult it is to take out our top award of Best Super Fund - a title that goes to Hostplus.
1 mins
December-January 2026
Money Magazine Australia
WHAT SUPERANNUATION UPDATES DO PEOPLE NEED TO BE ACROSS?
Let's start with the fundamentals. From July 1, 2025, the superannuation guarantee rate increased to 12%, marking the final scheduled rise under current legislation.
1 min
December-January 2026
Money Magazine Australia
HOW CAN CONSUMERS GET A MUCH FASTER NBN SERVICE?
In September 2025, the NBN experience changed for millions of Australians. It got faster. A lot faster.
2 mins
December-January 2026
Money Magazine Australia
Make money from your home
From garden sheds to driveways, our homes could be hiding more earning potential than we realise.
3 mins
December-January 2026
Money Magazine Australia
HOW CAN CONSUMERS TAP INTO LOWER FEES?
Fancy an extra $5000 in your bank account? Walk this way. The common thread in this year's banking award winners' rollcall is the theme of higher savings.
2 mins
December-January 2026
Money Magazine Australia
HOW OUR WINNERS ARE CHOSEN
Hundreds and thousands of providers were examined to identify the award winners in the superannuation, managed funds, exchange traded funds, banking products and insurance categories in Money's Best of the Best 2026.
5 mins
December-January 2026
Money Magazine Australia
Crunching the numbers
Know the facts before taking the plunge with first- home buyer's schemes.
5 mins
December-January 2026
Money Magazine Australia
Profit and loss in the Pilbara
This solid miner is up against strong offshore headwinds.
3 mins
December-January 2026
Money Magazine Australia
Theory of adaptability
Whatever your thoughts about AI, it's here to stay and these are some of the humans doing great things with it.
2 mins
December-January 2026
Money Magazine Australia
Powerhouse of investing
Australian investors can choose from almost 400 exchange traded funds (ETFs). While this is great for investors, it can be hard distinguishing the merits of different fund managers. Our Best ETF Manager award sorts through the crowd, and this year, the top accolade goes to US-based BlackRock Investment Management.
1 mins
December-January 2026
Translate
Change font size
