CH&CO has completed a refinancing and fundraise with its existing lenders and shareholders. The fundraise, when combined with the facilities provided by the lenders, ensure the group has a strong and sustainable liquidity position to support the business as it exits lockdown and builds back up over the months ahead. CH&CO completes liquidity position - Management Team … [Read more...]
Hilton China fully open
Hilton have resumed operations across all of its 150 hotels in mainland China. Qian Jin, Area President, Hilton Greater China, and Mongolia said on re-opening: “I am thrilled to announce that all Hilton hotels in Chinese Mainland have officially resumed operations”. Each and every hotel has implemented strict anti-epidemic measures to ensure the health and safety of guests … [Read more...]
German restaurant’s French chef tells Chinese diners they’re not wanted
Restaurant receives backlash from Chinese racism post on Facebook. Düsseldorf, Germany is home to a large Asian population, including Chinese and has the biggest Japanese community in Germany. It is also home to Im Schiffchen, a restaurant close to the Rhine River that is reopening as part of the government's relaxation on Covid-19 restrictions. The restaurant enjoys a good … [Read more...]
Compass well received to raise $2 Billion
Bloomberg are reporting that Compass Group are looking at a new share issue to increase liquidity in the business to further combat the impact from Covid-19. For the world’s biggest catering services provider employing 600,000 people, the impact from Covid-19 has hit hard. It has seen the company’s share price fall circa 40% this year so far. About 55% of its … [Read more...]
The Ritz London drama
The Ritz London’s transformation from a family affair to a Netflix drama. Following 133 years opening every day, including throughout the first and second world wars, Covid-19 forced The Ritz London to close its doors for the first time on March 27, 2020. They have remained closed ever since. The same day The Ritz London announced it had been acquired by a Qatari … [Read more...]