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Covid: Bournemouth businesses lost during pandemic


The popular bar shut down for good in the initial few months of the pandemic, although a buffalo bar does still operate a bar in Winton
Described as a place for creative minds, musicians, artists, tattooists, and designers to drink, relax and create culture, no other business has since taken over the property.
Monty’s Lounge - Bourne Avenue, Bournemouth
After nearly eight years of being open, the restaurant closed down having served over 100,000 burgers.
News was announced via a post on Facebook at the time but no exact reason was given for its closure.
Debenhams - The Square, Bournemouth ....

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High Court gives Virgin Active CVA green light in further blow for landlords : CityAM


High Court gives Virgin Active CVA green light in further blow for landlords
Landlords have lost their legal challenge against Virgin Active’s restructuring plan, in the second high profile defeat for commercial property owners this week.
Today’s High Court judgement will come as a further blow to landlords hoping to challenge tenants over Company Voluntary Arrangements. 
It comes after the court gave New Look the green light to press ahead with its restructuring plan earlier this week following legal action from its landlords.
The Virgin Active CVA proposals include plans to terminate the leases of some poorly performing gyms and to pay less rent on other properties. ....

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Billionaire Issa brothers who bought Asda for £7bn look poised to make a takeover bid for Caffe Nero


The billionaire Issa brothers who recently bought Asda for £6.8billion are poised to make a takeover bid for struggling Caffe Nero after buying up the company s debt.
Mohsin, 49, and Zuber Issa, 48, could be due to take control of the coffee chain after purchasing around £140million in loans from Swiss private equity firm Partners Group via investment bank Morgan Stanley, the Sunday Telegraph reports.  
Buying up the debt pile puts the Issa brothers in a strong position for takeover if Caffe Nero defaults on the £145million of senior ranking debts due to be repaid in 2022.  
City sources told the Sunday Telegraph that Partners Group had written to Caffe Nero s boss Gerry Ford, 62, on Friday over concerns that the company may breach banking covenants - the restrictions laid out in a lending agreement.   ....

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