Uber has announced a deal to acquire Postmates for $2.65 billion that is expected to complete in Q1 2021. Uber strategy is to run the Postmates app separate from its Uber Eats app and keep both brands operating. The acquisition announcement follows quickly after Uber's failed deal with Grubhub, enabling Just Eat to make the $7.3 billion acquisition announced last … [Read more...]
Search Results for: hotel acquisition
Michael Caines acquires Rick Stein Restaurant
Michael Caines has announced the acquisition of Porthleven Restaurant in Cornwall, a former Rick Stein Restaurant. Caines may just have outmaneuvered Gordon Ramsay in completing this acquisition as it had been reported widely he was not only eyeing the restaurant but was looking to make a move. The reports were always unconfirmed and currently closures like the recent ones in … [Read more...]
The Covid-19 Top Headlines – Take Two
As the Covid-19 crisis continues to dominate news within hospitality, we take a second look at which articles relating to Covid-19 are most read. We draw our own conclusions below the Top 20 Headlines, and we welcome yours too on our social media channels – Facebook and twitter. The Covid-19 Top Headlines Black people banned from McDonald’s China The Ritz London has … [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...]
Sébastien Bazin comments on Q1 2020 results at Accor
Managing every business in hospitality is hard currently. Managing a hotel business that employs circa 300,000 people in over 100 countries is harder than most. Here is how someone that manages that exact responsibility, reflecting on the Q1 results at Accor, CEO Sébastien Bazin. “The world is facing an unprecedented health crisis that is having massive and unique impacts on … [Read more...]