The Chinese-led consortium bidding to takeover Starwood Hotels & Resorts has formally withdrawn its offer, paving the way for Starwood’s merger with Marriott to go ahead.
MWB Group Holdings, owner of the boutique hotel chains Malmaison and Hotel du Vin, has suspended its shares from the London Stock Exchange to enable it to discuss how it will repay debts owed to its subsidiary company MWB Business Exchange.
Many restaurant and hotel businesses are set up through partnerships, but what do you do when one partner wants out? Barney Leaf, an expert in shareholder disputes at Laytons Solicitors, advises on how best to manage a business break-up.
Fuller’s has responded to Capital Pub Company’s rejection of its takeover attempt with claims its growth strategy could ‘dilute the overall quality and attractiveness of the estate’.
Capital Pub Company has rejected a bid by Fuller’s to acquire the group for £53.9m and has refused to enter talks with the group, claiming such a price ‘substantially undervalued the business and its prospects’.
The Individual Restaurant Company (IRC), operator of Piccolino and Restaurant Bar & Grill, is to be fully acquired by W2D2 the consortium led by leading shareholder Malcolm Walker and chief executive Steven Walker.
Carluccio’s, the all-day Italian restaurant chain, is on the verge of accepting an offer of £90m for the entire group – from its franchise partner in the Middle East
The Takeover Panel, the City watchdog, has officially ruled there was no collusion between shareholders in the battle to control pub giant Mitchells & Butlers
David Page, Founder of the Clapham House Group, won the Entrepreneur of the Year award at the 2007 Quoted Company Awards. Page founded the company in 2005 and has since bought and expanded the Real Greek, Gourmet Burger Kitchen, Tootsies and the ...
