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HEADLINES - In March 2020, credit insurer Euler Hermes forecast a 43% increase in insolvencies in the UK in 2021, as well as a 26% uptick in France and 12% in Germany. ...
Loungers chairman and co-founder Alex Reilley expects the end of the lease forfeiture and debt enforcement moratoria in March will lead to a 'phenomenal glut' of company voluntary arrangements (CVAs) across hospitality.
Former Greene King chief executive Rooney Anand has raised £200m to invest in Britain’s pub industry, betting on the prospects of a post-pandemic recovery for the sector. Sky News reports that Anand – who left Greene King in 2018 having led the pubco for 14 years – is expected to embark on a series of acquisitions in the coming months with the backing of an unnamed US-based private equity firm. Sources close to his vehicle, Redcat Pub Company, said Anand was unlikely to pursue large corporate takeovers in the near term, but would focus on smaller a...
Loungers chairman and co-founder Alex Reilley expects the end of the lease forfeiture and debt enforcement moratoria in March will lead to a 'phenomenal glut' of CVAs across hospitality.
Boathouse sails again â but some are left high and dry Weâre sorry, this service is currently unavailable. Please try again later. Dismiss Save Normal text size Advertisement He's the hospitality wunderkind behind Sydney's Boathouse empire, which made headlines nearly two years ago when it crashed and burned, owing more than 500 creditors a staggering $21.5 million. But now Andrew Goldsmith says he's learnt his lesson and intends to prove his doubters wrong. "I remember telling our seafood supplier he was not getting paid. I was in tears at the fish markets. It was one of the harde...