Corbin & King faces off against investor
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.
