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.
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.