Corbin & King faces off against investor

By James McAllister

- Last updated on GMT

Corbin & King faces off against investor

Related tags: Corbin and King, Restaurant

Corbin & King has filed a motion in the High Court to stop its majority owner, Minor Hotels, calling in a £35m loan, which would have forced it into insolvency.

The Times reported at the weekend​ that the legal action comes after a falling out between Corbin & King and Minor Hotels, which acquired a majority stake in the group back in 2017.

Minor Hotels bought out Graphite Capital to become a majority shareholder in the London-based group, whose sites include The Wolseley in Mayfair and Brasserie Zédel in Piccadilly.

According to The Times​, Corbin & King has lined up an investor from New York to allow it to cut ties with Minor, but talks have hit a roadblock.

King declined to comment on the court action, but told the paper: “It’s not unusual for shareholders to have a difference of opinion. But it’s a shame to have this distraction because the restaurants are performing so well.”

It comes as Corbin & King takes on its insurer, Axa, over refusing to honour its Business Interruption policies, in what will effectively be a test case for hospitality. This week, its legal case against Axa will be heard in the High Court.

Related topics: Business & Legislation, Restaurant

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