US Investment Group completes - crisis anniversary, QSR acquisition. Amidst the Covid-19 crisis sweeping the US hospitality industry investment funds continue to eye up bargains. Last week saw Fortress Investment Group LLC and operations partner, Golden Child Holdings acquire Krystal Restaurants. Krystal Restaurants, comprising 300 outlets in 10 states, has announced … [Read more...]
UK hospitality to miss out on €500 billion EU Marshall Plan
Brexit has very much taken a back seat to Covid-19 as the UK combats the crisis. For UK hospitality businesses it seemed the end of Freedom of Movement would be the highest exit price. As Covid-19 puts paid to that concern, non access to an emergency fund from the EU could move into its place. The UK Government has taken significant financial and fiscal steps to … [Read more...]
French Covid-19 ruling against AXA brings hope to UK hospitality businesses
Every hospitality business in the UK that has made an unsuccessful insurance claim related to Covid-19 business interruption has cause to be encouraged. As a French restauranteur has successfully gained a ruling in Paris against insurance giant AXA last Friday for Covid-19 related revenue losses. This would seem to open many similar doors to similar claims in the … [Read more...]
Covid-19 the new PPI
One particularly enjoyable part of reporting news is keeping an eye on it. And some eye keeping of course is more enjoyable, new school generally more so than old school, being less restricted, and more forthright. One such media outlet is US travel website, Skift, who also operate a good email newsletter. Yesterday one headline particularly caught our eye - Someone Says … [Read more...]
Specialist Leisure Group placed in Administration
EY’s Restructuring team led by Sam Woodward and Colin Dempster have been appointed Administrators of the Specialist Leisure Group. Specialist Leisure Group is a British hotel and leisure travel company specialising in escorted tours, short breaks, events and river cruises throughout the UK, Europe and worldwide for the over 50s. Specialist Leisure Group Administration - 44 UK … [Read more...]